July 9, 2024

 Shorting the Cattle market at its current prices, to me, is like getting short Soybeans at $25 (when their all-time high is about $18.) It does not mean I will be right, and if I am not you could lose every dollar you invest, but I see short Feeder Cattle here as one of biggest no brainers I have ever seen…And I do mean HERE…I think the last year’s sideways action, at record high stratospheric prices, is about see the Cattle Complex go sharply and totally in the tank.

This big picture chart is from last week’s newsletter…

And using the 50 year cash chart, this is my true perspective of the entire October 2024 Feeder Cattle contract…

Here are two put options I like here…right here…right now…BEFORE this gets away on the downside…

Feeders can move in fairly big jumps…Today’s action may not look like much but Sept was down 3.8 cents or $1900 per futures contract…Point being, if you think this makes sense, my advice is not to wait around about it…

And we are beginning to switch some of our Corn and Soybean gains into this BIG SHORT.

Call if you’re interested.

Thanks,

Bill

770-425-7241

866-578-1001

All option prices in this newsletter include all fees and commissions. All charts, unless otherwise noted, are by Aspen Graphics and CRB.

The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: Feeder Cattle, Live Cattle