Livestock markets had a bit of a counter seasonal trend in the back half of last month’s trade, will that continue through the month of October?
Live Cattle (December)
December live cattle futures were choppy in the last trading day of the quarter, doing little to impact the technical landscape. 184.225-184.55 is the pivot pocket to keep an eye on through the remainder of the week. A failure to defend this pocket on a closing basis could spark a light round of profit taking from recent buyers, not to be confused with a selloff like we saw at the start of August.
- Resistance: 187.675-188.00***
- Pivot: 184.225-184.55
- Support: 181.325-182.07, 179.10-179.97
Seasonal Tendency Update
Live cattle futures were able to buck the seasonal trend of weaker prices in the back half of September, will that strength continue into a seasonally strong time of year? TBD. Economic data and an election could add some turbulence to the market in the coming months.
*Past performance is not necessarily indicative of future results

Feeder Cattle (October)
Feeder cattle were under some minor pressure yesterday, some of which came on the back of a friendly corn report. Despite yesterday’s weakness, our pivot pocket held and remains intact, we’ve outlined that as 245.90-246.50. A break and close back below this pocket and a retracement to 239.62-240.25 would not be out of the question. On the resistance side, 249.85-250.80 is the significant resistance barrier, still a ways above the market.
- Resistance: 249.85-250.80*
- Pivot: 245.90-246.50
- Support: 242.75-243.45, 239.62-240.15***
Seasonal Tendency Update
Seasonally the first week and a half of October can be friendly for feeder cattle, but we’ve seen a counter seasonal rally take place for the last few weeks which my throw everything off kilter. Seasonal tendencies can be a great tool, but we feel shouldn’t be used as a standalone trade trigger.
*Past performance is not necessarily indicative of future results

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