June live cattle:
1. In yesterday’s (Thursday, May 25) Williams edge live meeting it was noted that June live cattle (then trading at approximately $118.30 would likely continue to decline and test $116.50/$40.
2. Subsequently, June live cattle declined and today completed the $116.50/$40 downside target (today’s session low, $116.45, so far). This successfully completes the forecast/trade. Will message any further entry or indication in June live cattle.