Feeder Cattle:
The rally may extend beyond $286 if historical wave extensions repeat.
A wave four pullback could hold trendline support or extend further.
Previous breaks from February highs ranged from 4% to 9.5%.
February 2022 saw a $28 drop after an initial high; similar scenarios may repeat.
Post-fall contracts historically create a bearish premium corre…
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Something To Worry About In The Cattle
The cattle market faces potential pullbacks amid inventory data, possible Mexican tariff changes, and historical seasonal trends predicting February highs followed by March-April corrections.
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