03/28/2016 – Lean Hogs

April live cattle:

1. In Thursday’s (March 24) Williams edge live meeting it was noted that any advance to at/near $136.50 in April live cattle could be sold short for a further decline and test of $134.70 into early the week of March 28.

2. Subsequently, April live cattle advanced to $136.52 and reversed lower and today (Monday, March 28) completed the majority of the $134.70 downside target (today’s session low, $134.75). This successfully completes the forecast/trades. Will message any further entry or indication in April live cattle.

David Williams