Long Feeder Cattle Oct17/Nov17 spread @ -0.575.
- The spread is in the low range historically while Q/U, U/V and X/H are in the high/middle range.
- The years when V/X was at this level in august were contango years.
- The Feeder index is much higher than futures.
- Little hammer on daily charts today.
I agree and this instrument has huge upside potential along with Live Cattle


