For only the 3rd time in over 40 years, feeder cattle broke from above $90.00. That's right, feeder cattle prices have only been above $90.00 3 times in the past 40 years. The initial decline off the high tick made on 6/25 at $92.10 basis the October contract was $2.80cwt. From the low made on 7/11 feeder cattle prices have simply marked time trading into a triangular formation. Today, that formation was broken to the down side. This leads me to anticipate another move lower that will be equal to the first one or even greater than. This move lower has been anticipated for quite some time. Comments made on my website have helped numerous producers hedge their production against this price decline. If you would like to discuss a risk management program for your feedlot or feeder cattle operation, please feel free to contact me at anytime. 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.