December live cattle:
1. On Friday 11/02 in our Williams edge session we noted that December live cattle (then trading at approximately $117.02 was expected to decline to $116.20/$.10 into Monday, 11/05.
2. Subsequently, live cattle declined sharply lower and completed the $116.20/$.10 on Monday 11/05 (session low, $114.35). This successfully completes the forecast/trade.
David Williams