A little new to commodities here, but have been paper trading for while.
I'm seeing Feeder cattle prices rising to all time highs, would now be a good time to anticipate a downside move, in the near upcoming future?
Most of the time when I have seen a market climb to all time high's (such as Fed Cattle) the high's last a few months (2-3 maybe 4) and then there is a downtrend for a short period of time, would it be a good idea to short, say, a March Fed cattle contract within a few weeks, to anticipate the trend reversal?