February live cattle (LEG26) futures present a buying opportunity on more price strength. See on the daily bar chart for February live cattle futures that prices are trending higher and have just hit a four-week high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the blue MACD line is above the red trigger line and both lines are trending up. More News from Barchart Fundamentally, the U.S. cattle herd is the smallest in re ...