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Feeder Cattle Pit May '12 (FCK12)

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Feeder Cattle (Pit) Futures Market News and Commentary

Cattle Extending Bounce to Wednesday

Live cattle futures are back to higher trade, up $2.05 to $2.50 at midday. Cash trade has yet to get kicked off this week following the $256-258 reported last week. Feeder cattle futures are trading with $2.10 to $2.60 in the front months. The CME Feeder Cattle Index was up another $1.19 on June 8 to $368.20.

Mexico suspended imports of cattle from the US late on Tuesday due to the recent rise in screwworm cases. US exports to Mexico totaled just 11,110 head in 2025.

Wholesale Boxed Beef prices were higher in the Wednesday AM report, with the Chc/Sel spread at $16.96. Choice boxes were up $1.91 to $394.81, while Select was 92 cents higher at $377.85.  USDA’s federally inspected cattle slaughter on Tuesday was estimated at 109,000 head, with the weekly total at 211,000 head. That is down 3,000 from the previous week and 18,963 head below the same week last year.

Jun 26 Live Cattle  are at $250.075, up $2.050,

Aug 26 Live Cattle  are at $242.150, up $2.450,

... Read more

Contract Specifications

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Contract
Feeder Cattle [Pit]
Contract Size
50,000 pounds
Tick Size
0.00025 per pound ($12.50 per contract)
Trading Hours
8:30a.m. - 1:02p.m. CST
Exchange
CME
Point Value
$500
Margin/Maintenance
$2,475/2,250
First Notice Date
05/24/12
Expiration Date
05/24/12 (expired)

Seasonal Chart

Feeder Cattle Pit May '12
Average Price Chart for 5 Prior Pit Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
147.700 +3.18%
on 04/27/12
153.025 -0.41%
on 05/07/12
+4.550 (+3.08%)
since 04/24/12
3-Month
146.450 +4.06%
on 04/04/12
163.350 -6.70%
on 03/02/12
-9.550 (-5.90%)
since 02/24/12

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Cattle Extending Bounce to Wednesday

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LEV26 : 233.700s (+0.68%)
LEQ26 : 241.500s (+0.75%)
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GFV26 : 347.725s (+0.24%)
Cattle Futures Stage a Recovery While Lean Hogs Get Hit Hard (AGAIN!)

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Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 152.400
1st Resistance Point 152.400
Last Price 152.400s
1st Support Level 152.400
2nd Support Level 152.400
3rd Support Level N/A

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52-Week High 163.350
Last Price 152.400s
Fibonacci 61.8% 148.700
Fibonacci 50% 144.175
Fibonacci 38.2% 139.650
52-Week Low 125.000

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