A correction in the cattle complex from the overly bearish sentiment has perked up the June vs August Live cattle spread. Historically speaking it is at a very high point, especially from this far out.
Trade Details: Live Cattle Spread
Futures Contracts: Short June ’16 Live Cattle vs Long August ’16 Live Cattle
Trade Dates: No specific dates but avoid carrying it too close to June
Entry Target: 5.50+ (adjust based on your personal objectives and risk tolerance)
Margin: $900 (check with the CME for changes in margin)