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GF ~ Monthly
It is worth revisiting the monthly feeder cattle chart. Although substantially more volatile, we are following the general pattern of the 2014/2015 market in which the parabolic rally rolled over in October, retraced 62% of the initial sharp sell-off, then resumed the downtrend. In today’s setup, if we are to repeat that pattern, the January Feeder cattle must hold current levels ($3.40 to $3.50). A close above $3.50 negates the pattern and points to new highs. I don’t recall a renewable commodity ever making new highs in short order after such a setback (don’t forget, there were multiple limit-down moves), but 2025 has reminded me that anything is possible and nothing is certain.