the Hot market right now as they should be, as they are working on their 5th wave higher for the final $12 rally to my profit taking target at 192.00-192.30. I might even be happy with 191.50 since my main objective now is to get short Oct cattle for the coming $20 WashOut for the 5 month cycle low due in early Oct. The bottom basing could extend into Nov. I wouldn't be surprised to see the Roll Over set up by the last week in Aug and the Flush Handle tripped the first week of Sept. I expect Sept to be a nasty down month for all of the markets.

I also have my hog producers waiting patiently for Oct hogs to hit 80.00 to begin their hedges for hogs to get whacked again during Sept and Oct. I can't decide if I will join them with short hogs or just concentrate on the cattle market that has been so good to me for two years of Bull Market, now i'm ready to engage the cattle market for two years of a Bear Market. I'm getting ready to throw my Bullhide coat in the closet and dust off the Bearskin coat that hasn't been used since 2020. It's mighty dirty hanging in there for almost 4 years.