A play on both higher meat prices and lower grain prices, Live Cattle
registered a weekly double bottom
through this past week when it traded up through 122.95. CRI's current Weekly Commodity Trend Survey is long from 122.95 with stops should be just below 120.375. A 50% retracement
of the 2013 sell off would bring prices back into the 126.50 and shall be the initial target.