August live cattle:
1. In Thursday’s (June 9) Williams edge live meeting it was noted that August live cattle (trading at approximately $118.85) could be sold short for further decline to $117.50/$.40.
2. Subsequently, August live cattle declined and today (Friday, June 10) completed the $117.50/$.40 downside target (today’s session low, $170.20). This successfully completes the forecast/trade. Will message any further entry or indication in August live cattle.