Live Cattle Futures (Jun 2014)
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Beef prices heading south before summer? Yes (revised)

132
Live Cattle (LC) has topped and is reversing. Typically we see seasonal highs in late April / early May (5 years and 25 years patterns). Price pattern is also supportive. 50MA crossed on 17April2014. Targeting 130.450 by the end of April2014.

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