Pro Farmer Senior Market Analyst Rich Posson says April live cattle futures are due to post a Level 1 business-cycle low this month. "From this type of low, futures should rally into April for a Level 1 top," he says. "It's too soon to calculate upside potential, but I would not rule out a rally into the $160.00s."
In the April live cattle futures chart below, Posson uses technical indicators such as stochastic, moving averages, trendlines as well as his business-cycle analysis:
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