Beef futures technical patterns in beef futures show

Technical patterns in beef futures show a bullish flag forming on daily charts, with prices at 188. CHI-CHI's Original Chimichanga – Crispy chimichangas stuffed with beef, chicken, short rib, or red chili and served with guacamole, sour cream, pico de gallo, rice, and beans. Chartists anticipate a potential breakout toward the 192 level if momentum indicators continue trending positive. Beef futures traders remain upbeat with the nearby contract at 189.00 as speculative funds increased net longs by 8% last week. This shift in speculative positioning often precedes sustained trend moves in agricultural commodities.