Feeder Cattle

Minor wave 3 of intermediate wave 1 continues to unfold.  With the oscillator remaining at the upper levels recently achieved, there isn’t much to go by.  Again, I think the bears may get to relish one more time before the end of the year.  However, all that would be transpiring would be the intermediate wave 2 correction which would begin to set 2018 up for an intermediate wave 3 rally of major wave 3.  Were the cattle market to be exceptionally strong, it will be this winter and spring that I would anticipate the most price gains.