Weekly: With nice pullbacks and with counter trends Live Cattle price has been trending up since 2010. In 2014 the move accelerated and Cattles recently reached all time high level. Not to meantion, they have become a bit overbought. Probably that's why we see some indication of profit taking in form of like candles of last week and three weeks ago. DMI-ADX and low also look like ther's some overextension in this trend.
Weekly supports (and possible retracement levels) are 152 ,30 (Weekly Kijun Sen) and 138,00 ( and horizontal support)
Daily (Feb 2015 contract): Price is trading in a with recently a massive negative divergence!
6 days ago a candle, followed by some trading inside its body with pretty much same closing levels, and friday selling pressure sent it below Tenkan Sen. and Slow are , DMI has chance to cross too. Please also note, that since October trade is increasing on days and smaller on days.
A Price break below short term and Kijun Sen (164,75-165,25) could bring further selling pressure, and then good chance we'll see a drop to 159,20-160 levels. There we'll see what's next.