I did not give you a day to think about the Live Cattle trade I suggested. The research I follow gives indicates this move usually occurs later in the month, but I think it has started a bit earlier. I think that cattle have topped for now.
The risk here should be easy to manage. Go short one February Live Cattle contract at $128.50. Place a stop GTC at $130.8 which is just above the swing high. Your risk will be .2.4 x 400 = $920. The target is the 38.2% retracement at $122.5. This would give a $2,400 profit on the trade.....a 2.5 to 1 return to risk ratio.