Feeders...Freefall?
Feeder Cattle exaggeratet late 2014 and passed 2.40 /lb, now the trend turned from up to down. At moment trading around 195.
130 c/lb is possible within the next 90 days, more to follow...
Stocks are building up, Beef wholesale prices are too high and US citizens are changing their attitudes, and the majority technical indicators are deeply south!!!
Possible move of 66 cents x USD 500 (point value per contract) = USD 33'000, ...why not try?!!
130 c/lb is possible within the next 90 days, more to follow...
Stocks are building up, Beef wholesale prices are too high and US citizens are changing their attitudes, and the majority technical indicators are deeply south!!!
Possible move of 66 cents x USD 500 (point value per contract) = USD 33'000, ...why not try?!!
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