Based on what live cattle and feeder cattle futures spreads were showing us at the end of March, both would lack the fundamental support that has helped push the move in cocoa.Funds were moving to the sidelines as well, though we know from past experience this group can change their mind, and subsequently a market’s trend, in a hurry.A long-term comparison of the live cattle cash index shows a case could be made for a continued move higher.I’ve added this introduction to the original piece. This was written over the past holiday weekend, my plan being to run it later this week. However, things…