August live cattle:
1. Since Wednesday, June 14 we’ve noted that a daily close in August live cattle at or above $113.45 would indicate an advance to $114.45.
2. Although Thursday’s August live cattle market broke substantially lower it closed the day at $113.42 (neutral to $113.45 noted above).
3. Today (Friday, June 17) August live cattle completed the $114.45 upside target (session high, $114.45, so far). This successfully completes the forecast/trade. Will message any further entry or indication in August live cattle.