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swmn/soin | For you guys that are producer/feeders.......with the strength in the cattle market lately, I am of the opinion one needs to be
cautious here.
I am not sure of all the friendly fundamentals, but from a technical stand point I would have some hedges in place.
In a previous post someone mentioned
a scale up approach.......good advice. But the technicals look to be getting toppy here. We could still get to that $101.00 level, but we are getting really close to the April 16-20 time frame. I have seen it numerous times where they have put highs in for the year then.
From an Elliot wave perspective we could drop them down into the 88-90 area. Just my opinion.. | |
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cattle market
