{"id":131144,"date":"2018-08-01T11:30:28","date_gmt":"2018-08-01T15:30:28","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=131144"},"modified":"2018-08-01T08:03:13","modified_gmt":"2018-08-01T12:03:13","slug":"cattle-technical-analysis-the-number-of-cattle-is-rising-in-the-us","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/cattle-technical-analysis-the-number-of-cattle-is-rising-in-the-us\/","title":{"rendered":"CATTLE: Technical Analysis – The number of cattle is rising in the US"},"content":{"rendered":"
August 1, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

The number of cattle is rising in the US<\/strong><\/p>\n

According to the US Department of Agriculture, the maximum number of cattle was sent to US feeding grounds in June since 2006. Will Fcattle prices<\/a> fall?<\/p><\/blockquote>\n

In June 2018, the number of cattle heads directed to feeding grounds was 1.793 million. This is by 1.3% more than in June of the last year. As a result, the total number of cattle in US feeding grounds at the beginning of July 2018 increased by 4.3% and reached the maximum since 1996 – 11.282 million. The total number of cattle in the US increased and on July 1, 2018 reached 103.2 million heads against 102.2 a year ago.<\/p>\n

\"Fcattle\"<\/p>\n

On the daily timeframe, Fcattle: D1<\/b> breached down the support line of the uptrend. An increase in the number of cattle in the US can contribute to the further price decrease.<\/p>\n