Cattle Prices Are Climbing Higher. Here’s 1 Way to Trade the Trend.

Group 1 - March feeder cattle futures are showing a buying opportunity as prices trend higher, recently reaching a seven-week high [1] - The MACD indicator is in a bullish posture, indicating potential upward momentum in prices [1] - U.S. consumer demand for beef remains strong, contributing to favorable market conditions [2] Group 2 - A breakout above the resistance level of $339.175 in March feeder cattle futures would signal a buying opportunity, with a target price of $375.00 [3] - Technical support is identified at $325.00, where protective sell stops can be placed [3] - The closure of the U.S.-Mexican border to cattle imports is maintaining historically low levels of cattle supply in U.S. feedlots [2]