11/04/2016 – live cattle

December live cattle:

1. On Wednesday, November 2 (and later) we noted that December live cattle (then trading at approximately $105.30) should decline into Friday, November 3 and touch $103.80/$.70 (or lower).

2. Subsequently, December live cattle declined and today (Friday, November 3) completed the $103.80/$70 downside target and lower (swing low, $103.00, so far). This successfully completes the forecast/trade. Will message any further entry or indication in December live cattle.

David Williams