From a technical and fundamental perspective, the live cattle futures market is presently the most bullish futures market. Live cattle futures recently hit a contract high and are trading not far below the all-time record high. There are no strong, early chart clues to suggest a market top is close at hand. Fundamentally, tight supplies and good consumer demand are boosting prices. And the spring/summer grilling season lies just ahead. The cattle market bulls are snorting. Stay tuned! Jim Wyckoff