Cattle herd liquidation causing tighness, plus large mechanical funds love to buy the X-day breakouts in the cattle market. The longer the consolidation before breakout, the more mech fund money flows into LE. Long LE, short HE looks like its got some legs.
and tomorrow will be another limit up day on the open and big rallies in GF/LE from HE shorts scrambling to hegde
It might be a good day to sell a few cattle to the stuck shorts in the hogs because buying cattle when hogs are going up can backfire on the short hog traders.