But he concedes his charge faces a tough task from barrier 20, although Precedence will come in to 16 if the emergencies don't get a run.
"He's going well, he's just drawn a bit wide unfortunately," Cummings said on Sydney's Sky Sports radio yesterday.
"Hopefully, he can overcome that with some good riding in the first couple of furlongs."
Jockey Steven Arnold has had eight rides on Precedence with their best result a second to Heart Of Dreams in the group two St George Stakes (1800m) in February.
Cummings is happy to leave tactics up to the heavyweight hoop but is hoping Precedence will be able to settle handy.
"I'll leave it to him, he knows what to do," Cummings said.
"I'd like to try to get him ridden a little bit closer if possible, midfield by about the mile or so.
"But it depends. I don't think there's much pace in the race.
"If there is any pace it will probably be in the first furlongs and then it will probably slow up as it usually does."
Precedence was a A$31 Caulfield Cup chance with TAB Sportsbet yesterday and at A$26 for the Melbourne Cup in which he ran eighth last year.
Recent acquisition Illo, a German import, was at A$41 for the Melbourne Cup and Cummings confirmed he would have a lead-up run in either the Geelong or Moonee Valley Cup.
A dual stakeswinner in Germany, Illo has put on 20kg since arriving in Australia and Cummings likes what he has seen of the entire.
"He's eating well, he's putting on weight," Cummings said. "I think he's got a future, it's just a matter of if he's been out here long enough."
- AAP
