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<blockquote data-quote="Anonymous" data-source="post: 467"><p>While today's limit down move in the May feeder cattle looks nasty, it's actually the best thing could happen to feeder cattle. Like having to go get a sore tooth pulled, the pain of it is well worth the end result. What I'm getting at is this. The weekly charts on feeder cattle show a clean 5 wave decline forming from the December peak at $85.60. The current decline is labeled a wave C decline. Once complete, I believe that the entire bear market that began at $92.75 in June of '01 will be complete. Now, that is not to say that there is still not some downside to this move. However, for cattle buyers, this is the time to have long hedge strategies in place for cattle that will be bought from August through December. If you would like additional information on feeder cattle futures and options or how they can benefit you in procuring cattle, please feel free to contact me at anytime. Be sure to visit <A HREF="http://www.shootinthebull.com" TARGET="_blank">www.shootinthebull.com</A> for commentaries posted daily on the live cattle and feeder cattle markets.</p><p></p><p>Futures trading is not for everyone. The risk of loss in trading futures can be substantial; therefore, carefully consider whether such trading is suitable for you in light of your financial condition.</p><p></p><p> <a href="mailto:chris.swift@rcgnashville.com">chris.swift@rcgnashville.com</a></p></blockquote><p></p>
[QUOTE="Anonymous, post: 467"] While today's limit down move in the May feeder cattle looks nasty, it's actually the best thing could happen to feeder cattle. Like having to go get a sore tooth pulled, the pain of it is well worth the end result. What I'm getting at is this. The weekly charts on feeder cattle show a clean 5 wave decline forming from the December peak at $85.60. The current decline is labeled a wave C decline. Once complete, I believe that the entire bear market that began at $92.75 in June of '01 will be complete. Now, that is not to say that there is still not some downside to this move. However, for cattle buyers, this is the time to have long hedge strategies in place for cattle that will be bought from August through December. If you would like additional information on feeder cattle futures and options or how they can benefit you in procuring cattle, please feel free to contact me at anytime. Be sure to visit <A HREF="http://www.shootinthebull.com" TARGET="_blank">www.shootinthebull.com</A> for commentaries posted daily on the live cattle and feeder cattle markets. Futures trading is not for everyone. The risk of loss in trading futures can be substantial; therefore, carefully consider whether such trading is suitable for you in light of your financial condition. [email=chris.swift@rcgnashville.com]chris.swift@rcgnashville.com[/email] [/QUOTE]
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