A price channel consists of two parallel trend-lines providing support (bottom) and resistance (top) lines that contain price fluctuations. Channels may be bullish (slanting upwards), bearish (slanting downwards), or neutral (horizontal).
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Michael Langemeier and James Mintert, Purdue Center for Commercial Agriculture
A breakdown on the Purdue/CME Group Ag Economy Barometer June results can be viewed at https://purdue.ag/barometervideo. Find the audio podcast discussion for insight on this month’s sentiment at https://purdue.ag/agcast.
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Hog margins continued to march higher during the last half of June as lower feed costs more than offset a slight reprieve in lean hog futures. The quarterly Hogs and Pigs report on June 26th offered few surprises but...
To “Read” Walt’s charts, keep the following in mind:
Support – this term refers to a trend line or price area under the market which is expected to hold the market from potential decline.
Resistance- a price area or trend line...
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For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
A gap is a hole in prices which occurs when the current day’s high is below the previous day’s low or when the current days low is above the previous day’s high. Gaps indicate a sudden change of direction...
The Ontario hog market posted continued strength for the week ending June 13, 2025, with prices climbing across the board as demand and futures remained bullish heading into summer.
🐖 Ontario Market Snapshot
100% Base Formula Price surged to $250.59/cwt,...
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For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...