Cattle and Hog Prices Have Bottomed Out. Now Get Ready for Upside.

February live cattle (LEG26) futures hit a four-week high on Tuesday, while January feeder cattle (GFF26) futures saw a modest corrective price pullback after scoring a six-week high last Friday. Recent solid price gains firmly suggest near-term market bottoms are in place for the cattle futures markets — and that their fledgling price uptrends can be sustained. The much-improved near-term technical postures for cattle futures markets will likely continue to invite the chart-based speculators to the buy si ...