December live cattle:
1. In yesterday’s (Monday, November 28) Williams edge live meeting it was noted that December live cattle could be shorted for further decline to $109/$8.90 expected into Tuesday, November 30. At the time, December live cattle was trading at approximately $110.35.
2. Subsequently, December live cattle declined and today (Tuesday, November 30) completed the $109/$8.90 downside target (today’s session low, $108.62, so far). This successfully completes the forecast/trade. Will message any further entry or indication in December live cattle.