Live Cattle is bull LIVE CATTLE FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME:LE1! pptw Live cattle is bull. Early May it jumped from 87 to 94, and next day hitting 98. This breakout caused in the days to follow some oscillating within the 92-100 band, forming a clear up channel . Market hit 100 yesterday, found support on the mid channel level and closed just below 100. I’m pretty sure we will test it again today. My believe is this breakout, plus the upward channel, will result in new local high’s. We have clearly broken out of the downward trend of the last months. Once we break the 100 level, others will step in and this could lead to a decent bull trend.