August 1, 2024

 Cattle Complex Down Hard Today

Oct Feeder down 5.62 cents or $2810 per futures

Oct Live Cattle down 3.15 cents or $1260

I BELIEVE THE COLLAPSE HAS BEGUN

One day does not make a market but today’s trade DOES look like EXACTLY the kind of action I have been anticipating to indicate that the collapse in Cattle is now getting started…

This is the sort of movement that you DO just GO WITH…RIGHT HERE AND RIGHT NOW…Putting it another way, this is NOT where you sit there and wonder if it “will trade back up a bit,” and let you get on higher, or “hang around a while.” You do NOT start hoping or wondering about anything like that. YOU JUST PUT YOUR MONEY ON THE TABLE HERE, GET SHORT, AND STAY SHORT.

This is what the October contract looks like using nothing but the closes…

How some previous tops have ended…

 Here are the options I’d recommend right now…

 And ditto all of the above for Live Cattle…

Be in both of them…but more importantly BE in this…NO BS…TRADES LIKE THIS DO NOT COME ALONG VERY OFTEN…It doesn’t mean I’ll be right, and if I’m wrong you will definitely lose money…but how often do you get the chance to be short at stratospherically high prices…especially a YEAR after it got up there and is starting to roll over?

And hey, you might think this is stupid, but my wife, kid and I hit the drive thru at a burger place several days ago…3 people…$37.00!!!…That don’t fly. BEEF PRICES ARE GOING DOWN…And just to remind you as noted in my newsletter several days ago, the Hog market just dropped 22% in 3 months…and you’d have to be pretty naïve to not understand that sharply lower pork prices WILL affect beef prices.

Get off the sidelines! Don’t pass on this…Pick up the phone and get something on here.

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