Are the meat markets trending higher or lower and how strong are these trends? To evaluate the markets, we use the Trend Level indicator to quantify the true power behind the trends of individual markets.
Trend Level (TL) Level Descriptions:
- Bullish trending markets greater than +5
- Bearish trending markets less than -5
- Neutral markets between +5 and -5
Trend Level: Meat Futures (Live Cattle and Lean Hogs)
