I don't write about cattle often, but it looks like cattle are poised to make a run at the previous high of $134. This target is based off the measuring height of the cup and handle pattern which is about $15. From $119, another $15 would take price to $134.....the previous contract high. At that point, you should be prepared to protect price with some options or LRP. I expect this will be around the end of the year when price reaches that level.......maybe January.