Barchart cattle futures the RSI remains neutral

The RSI remains neutral, hinting at potential breakout if demand data from wholesale beef sales trends bullish in coming weeks. Darin: I think there's three reasons for this. Obviously, there's the fear of ongoing inflation. Chairman Powell talked about it at the end of the September FOMC meeting. There's still a great deal of concern about inflation and ties that into interest rates. What's going to happen with interest rates? We know the US president wants lower rates. Chairman Powell's not so sure. Gold is that safe haven market that keeps finding buying interest despite the fact it's at all-time highs from central banks and long-term investors around the world. Jan 26 Feeder Cattle closed at $349.725, up $2.550, Live cattle futures on Barchart have held a steady uptrend since early June, supported by firmer slaughter rates. Analysts suggest a short-term target near $184 if demand for prime cuts persists through summer grilling season.