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Live Cattle Feb '24 (LEG24)

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Live Cattle Futures Market News and Commentary

Cattle Close Mixed Despite Strong Start

Live cattle futures were mixed to round out the Monday session, with June being held up by the cash market, up 22 cents. The rest of the front months are down 2 to 37 cents. Cash trade was strong last week, with a few sales at $186 reported in KS by USDA and some up to $195. USDA also indicated $195-198 trade in NE, a record in the cash market. 

Feeder cattle futures were down 12 to 65 cents in the nearbys and other contracts up 5 to 42 cents at the close.  The CME Feeder Cattle Index was down 41 cents on June 14 at $255.72.  Monday’s USDA OKC feeder cattle auction showed 4,000 head sold, with prices $4-9 higher and a few up $15. 

USDA’s Crop Progress report showed a drop to the US pasture ratings, down 3% to 48% gd/ex, with the Brugler500 index, encompassing all 5 USDA categories, down 9 points to 323. A weighted average of major US beef cow states showed a 3 point drop to 345.

USDA reported wholesale Boxed Beef prices extending the strength Monday afternoon. Choi... Read more

Contract Specifications

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Contract
Live Cattle
Contract Size
40,000 pounds
Tick Size
0.00025 per pound ($10.00 per contract)
Trading Hours
8:30a.m. - 1:05p.m. (Settles 1:00p.m.) CST
Exchange
CME
Point Value
$400
Margin/Maintenance
$2,695/2,450
First Notice Date
02/05/24
Expiration Date
02/29/24 (expired)

Seasonal Chart

Live Cattle Feb '24
Average Price Chart for 5 Prior Feb Contracts

Commitment of Traders Positions as of Jun 11, 2024

View Chart Details
Commercials - Long / Short
94,506 (-2,540)
138,334 (-4,598)
Non-Commercials - Long / Short
109,839 (-5,475)
58,681 (-2,500)
Producers - Long / Short
41,376 (-1,484)
132,459 (-3,460)
Swap Dealers - Long / Short
49,461 (-1,551)
2,206 (-1,633)
Managed Money - Long / Short
72,987 (-4,888)
19,916 (-1,317)
Other Reportables - Long / Short
36,852 (-587)
38,765 (-1,183)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
177.000 +3.95%
on 01/30/24
186.375 -1.27%
on 02/27/24
+6.625 (+3.74%)
since 01/29/24
3-Month
162.400 +13.30%
on 12/07/23
186.375 -1.27%
on 02/27/24
+10.525 (+6.07%)
since 11/29/23
52-Week
162.400 +13.30%
on 12/07/23
196.600 -6.41%
on 09/19/23
+13.400 (+7.85%)
since 02/28/23

More Live Cattle Quotes

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Most Recent Stories

More News
Cattle Close Mixed Despite Strong Start

Live cattle futures were mixed to round out the Monday session, with June being held up by the cash market, up 22 cents. The rest of the front months are down 2 to 37 cents. Cash trade was strong last...

LEM24 : 187.050s (+0.12%)
LEQ24 : 182.800s (-0.20%)
LEV24 : 184.625s (-0.12%)
GFQ24 : 261.325s (-0.25%)
GFU24 : 262.575s (-0.05%)
GFV24 : 263.300s (+0.08%)
Hogs Rally to Begin Monday

Lean hog futures rallied on Monday with contracts up 37 cents to $1.72 on the day. The CME Lean Hog Index was down 14 cents at $91.44 on June 13. USDA showed the National Base Hog was not reported on...

HEN24 : 95.375s (+1.84%)
HEQ24 : 91.875s (+1.58%)
HEV24 : 78.225s (+1.92%)
Hogs Break out of Trading Range

Hogs start week on a positive note

Shootin' the Bull about an up tic in commodity inflation

Commodity inflation has picked up a little the past two weeks.  Starting off this week, the seemingly large break lower in energy prices has ricocheted right back to within less than a dollar of the end...

Cattle Pulling Back on Monday

Live cattle futures are mostly lower on Monday, with June being held up by the cash market. The rest of the front months are down 30 to 40 cents. Cash trade was strong last week, with a few sales at $186...

LEM24 : 187.050s (+0.12%)
LEQ24 : 182.800s (-0.20%)
LEV24 : 184.625s (-0.12%)
GFQ24 : 261.325s (-0.25%)
GFU24 : 262.575s (-0.05%)
GFV24 : 263.300s (+0.08%)
Hog Holding Early Monday Strength

Lean hog futures are trading with Monday gains, as contracts ae up a dime to $1.15 so far on the session. The CME Lean Hog Index was down 14 cents at $91.44 on June 13. USDA showed the National Base Hog...

HEN24 : 95.375s (+1.84%)
HEQ24 : 91.875s (+1.58%)
HEV24 : 78.225s (+1.92%)
Grain Markets Struggle To find Their Footing

Grain markets failed against technical resistance late last week which has led to weakness to start this week’s trade. Will a holiday week and July options expiration keep play a role in price action?...

Will The Livestock Rally Continue?

Lean hogs and cattle futures prices had an impressive day on Friday, will that momentum spill over into strength to start this week’s trade?

Cash Cattle is King, Hitting Record Highs

Live cattle futures followed the cash strength on Friday, as contracts closed out the week with gains of $1.92 to $3.67. Cash trade was strong last week, with a few sales at $186 reported in KS by USDA...

LEM24 : 187.050s (+0.12%)
LEQ24 : 182.800s (-0.20%)
LEV24 : 184.625s (-0.12%)
GFQ24 : 261.325s (-0.25%)
GFU24 : 262.575s (-0.05%)
GFV24 : 263.300s (+0.08%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 187.967
2nd Resistance Point 186.383
1st Resistance Point 185.192
Last Price 184.000s
1st Support Level 182.417
2nd Support Level 180.833
3rd Support Level 179.642

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52-Week High 196.600
Last Price 184.000s
Fibonacci 61.8% 183.536
Fibonacci 50% 179.500
Fibonacci 38.2% 175.464
52-Week Low 162.400

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