Lean Cattle. Convincing myself it will go higher. LIVE CATTLE FUTURES (JUN 2021) CME:LEM2021 emehoke It looks really good to me. I have an incredible lazy streak. It's possible this only appeals to me so that I can take some action and stop paying attention every day. Obviously, this is not the ideal characterization of a profitable trader, but I'm still doing a good job convincing myself it's a high probability outcome. Sooner or later I'm going to become clever enough to be useful to myself. But, then you might not like me anymore :(. --- I could also reason one of two things: 1) Price has come down this far : It's a good buy. 2) Price has come down this far: It could go lower. Unless, there is something like a cow-pox I feel like prices should go higher. I don't think there will be a cow-pox. Just using it as a stand in for 'big-unpredictable-market-specific-catastrophe'. So door #1 says the .5 level is good enough for me, and I'm thinking it will go back up. In fact, I don't think it will go down, and I think it's a good price possibly for the next full calendar year. Door #2 says I think it's possible price comes lower, and I think it will come lower. ---- I really don't think #2 is the door most people will open. I think the idea that price might not be this low for another entire year would be enough to make any forward thinking meat distributer want to use at least a good portion of there liquidity in the markets over the next few days. Actually this has been happening as evidence from what the consolidation is telling us.