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Live Cattle Futures Target $134

10/24/2017

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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.
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Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

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The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Wade Assurance is an equal opportunity insurance provider.
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Steve Wade
swade@wadeassurance.com
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  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • Crop Overview >
      • Corn
      • Soybeans
      • Wheat
      • Supply/Demand Factors
    • About
  • Disclaimer