Cattle could have a little more room to the upside, but we like to start managing risk up here following the nice rally.

Getting hedged to a point where you are comfortable with where you are at.

Whether that’s puts, futures, or LRP.

If you’d like to talk specifics and come up with a game plan for yourself please feel free to reach out to us anytime.

Why the alert?

Cattle is simply running into some key points of resistance where it makes sense to start to protect things.

Nov Feeders:

We’ve clawed back 50-61.8% of the entire sell off this year. A common spot to find some resistance.

We are also still showing some bearish divergence on the RSI. This doesn’t mean we cannot go higher, but it can often be a sign to use some caution.

Feeders also tagged the 161.8% level from the recent lows up the September highs. Another common spot for a target.

This rally is also currently the exact same size as the first rally we saw off the lows.

Dec Live:

We’ve clawed back 50% of the entire sell off. This same area has offered support and resistance in the past.

This rally is also the exact same size as the first one.

If we are able to clear this level the next point of interest would be the 61.8% level.

Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.

Jeremey & Office: (806)484-1214

Interested in a hedge account? Use the link below to set up an account or give us a call.

CATTLE HEDGE ALERT

GRAINS CONTINUE TO BLEED