October live cattle:
1. In Thursday’s 09/20 Williams edge session we noted that should October live cattle be unable to reach $114.00 on the upside a decline to $112.30/$.20 would occur.
2. Subsequently, live cattle made a swing hi of $113.57 before reversing lower and completing the $112.30/$.20 downside target. This successfully completes the forecast/trade.
David Williams