Feeder cattle (March Futures) long at bottom of channel
There was a large drop yesterday due to Live Cattle news Note also that Live Cattle (Not Feeder Cattle) options expire on Feb 28. So it is always possible that price could be kept down till then
Stop below previous low 142
Enter at 144.4 (or lower) It is news time so we may have some
Take profit at the top of the channel.