LEONES

Beef prices heading south before summer? Yes

Short
CME:LEM2014   Live Cattle Futures (Jun 2014)
1
Live Cattle (LC) has topped and is reversing. Typically we see seasonal highs in late April / early May (5 years and 25 years patterns). Price pattern is also supportive. Downward movement should be quite fast, between the 1/4 and 1/2 bear Ganns.

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