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Thursday, March 03, 2016

If the cattle market corrects how far can it fall?

By Matt Dalgleish  |  Source: MLA, ASX, Steiner

Our cattle commentary last week indicated that the Eastern Young Cattle Indicator (EYCI) was showing potential for a break out of the current tight trading range so we have taken a technical analysis view of the chart pattern to see what the next key price levels are.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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