taken their time getting to my desired area for short positions. I've been patient but finally have my producers with their loaded boats for hedges. My bigger players still have some room for that hit on 147.00 that could even extend to testing the contract high @ 147.50. I don't have any projections for 147.50 but could happen. I do have projections for 147.00 but that doesn't mean it has to be hit. I had sell orders working @ 146.40 and 146.70 and they have been sitting there for over a month. I usually don't have patience that long.

I have a cycle day for potential cycle high for the 20th or 21st so those few orders @ 147.00 still have a chance. I have been wrong or made the wrong read on my cycle rotations at times but if I'm correct on my rotations for the cycle high for today and tomorrow then 147.00 needs to get the kiss tomorrow or miss its chance for another 4 weeks. I have potentially very negative cycles for next week and into Oct 3rd before it sets up another bounce opportunity. Of course that depends on what happens the next couple days. There's a Cattle On Feed report Friday so that can trigger a round of profit taking from hitting targets. From my view point Oct needs to hold support @ 145.00. A daily close below 144.25 triggers a sell signal for me to open the doors to go after 141.00. Get ready for a lot of fun volatility next week.