Live Cattle Market: Buying Opportunity Ahead

February live cattle futures surge to six-week high, presenting a potential buying opportunity. Technical analysis shows a bullish V-Bottom reversal pattern and a bullish MACD indicator. Strong consumer demand for beef, despite record-high prices, further supports the markets upward trend. A move above $232 would signal a buying opportunity, with an upside target of $250 or higher. Technical support is at $224.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.