April Feeders/June Hogs Special Update 2/26/24

Feeder Cattle

We are now moving into April.

April
We sent the April Feeder Cattle chart with the key levels on it in last week's update. It has now hit 78.6% of the contract high and 12/7/23 low at 260.70, this is also a major Gann square.

Following the ONE44 78.6% rule we know that a reaction from this level can cause wide swings and even be the end of the Bull move.