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Feeder Cattle Sep '24 (GFU24)

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Feeder Cattle Futures Market News and Commentary

Cattle Post Midweek Strength

Live cattle posted Wednesday strength of 7 to 40 cents across the board, following more boxed beef strength.  Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head listed on Wednesday morning, with bids of $181-181.25 and asks in the $185-186 range. Very light $184 trade was picked up in KS on Wednesday. Feeders were up 20 to 65 cents in the Wednesday session, as May slipped 12 cents lower. The CME Feeder Cattle index was up 4 cents on May 14 to $241.79.

USDA’s Wholesale Boxed Beef prices were higher again in the Wednesday afternoon report. Choice boxes were up another $2.38 at $306.77, with Select 49 cents higher to $294.31. That raised the Chc/Sel spread to $12.46. USDA estimated federally inspected cattle slaughter at 124,000 head for Wednesday, taking the weekly total to 363,000. That is down 4,000 head from last week and 15,165 head below the same week last year. 

Jun 24 Live Cattle  closed at $178.250, up $0... Read more

Contract Specifications

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Contract
Feeder Cattle
Contract Size
50,000 pounds
Tick Size
0.00025 per pound ($12.50 per contract)
Trading Hours
8:30a.m. - 1:05p.m. (Settles 1:00p.m.) CST
Exchange
CME
Point Value
$500
Margin/Maintenance
$4,537/4,125
First Notice Date
09/26/24 (134 days)
Expiration Date
09/26/24 (134 days)

Seasonal Chart

Feeder Cattle Sep '24
Average Price Chart for 5 Prior Sep Contracts

Commitment of Traders Positions as of May 7, 2024

View Chart Details
Commercials - Long / Short
15,563 (+157)
9,544 (-811)
Non-Commercials - Long / Short
12,803 (-554)
14,180 (+518)
Producers - Long / Short
11,385 (-65)
8,401 (-379)
Swap Dealers - Long / Short
3,304 (+607)
269 (-47)
Managed Money - Long / Short
9,378 (-374)
5,475 (+352)
Other Reportables - Long / Short
3,425 (-180)
8,705 (+166)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
249.900 +2.82%
on 04/16/24
262.825 -2.24%
on 04/29/24
+5.925 (+2.36%)
since 04/15/24
3-Month
244.900 +4.92%
on 04/12/24
272.575 -5.73%
on 03/14/24
-10.725 (-4.01%)
since 02/15/24

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Most Recent Stories

More News
Grain Markets: Will Global Production Issues Continue to Push Wheat Prices Higher?

In my interview today with Michelle Rook on AgWeb's Markets Now I spoke about the recent move higher in wheat, soybean, and corn prices. I also discussed crude oil, interest rates, and the cattle markets....

ZWK24 : 657-0s (-1.98%)
ZSN24 : 1213-4s (-0.08%)
ZCK24 : 453-6s (-1.04%)
LEM24 : 178.250s (+0.04%)
Shootin' the Bull about more beef and fewer cattle

Of the most interest is that we are currently producing more beef than last year with fewer cattle.  Of everything you can mention that has created this, you are correct.  It's taken everything possible...

Hogs Post Mixed Trade on Wednesday

Lean hogs settled the Wednesday session on a mixed note, as front months were down 5 to 82 cents, with the other 24 contracts steady to 27 cents higher. USDA’s National Average Base Hog negotiated price...

HEM24 : 97.500s (-0.84%)
HEN24 : 100.875s (-0.05%)
HEQ24 : 100.025s (+0.13%)
Cattle Post Midweek Strength

Live cattle posted Wednesday strength of 7 to 40 cents across the board, following more boxed beef strength. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
GFK24 : 243.150s (-0.05%)
GFQ24 : 255.875s (+0.08%)
GFU24 : 256.950s (+0.13%)
Pure Hedge - Livestock and Grain

Grains Break Hard Off the Highs- Livestock Mixed

Broiler Hatchery

Broiler Hatchery - 2024-05-15

Z8Y00 : 116.50s (unch)
WDU24 : 3,977s (-0.57%)
Cattle Holding Higher on Wednesday’s Midday

Live cattle are extending the week’s gains, as contracts are up 17 to 50 cents at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
GFK24 : 243.150s (-0.05%)
GFQ24 : 255.875s (+0.08%)
GFU24 : 256.950s (+0.13%)
Hog Mixed on Wednesday

Lean hogs are mixed on Wednesday, with June down 70 cents, with other contracts slightly above unch. USDA’s National Average Base Hog negotiated price was up $1.17 from the Tuesday afternoon print at...

HEM24 : 97.500s (-0.84%)
HEN24 : 100.875s (-0.05%)
HEQ24 : 100.025s (+0.13%)
Cattle Futures Firm

Livestock futures gain ground in Tuesday’s trade, will they see follow through today?

Cattle Bulls Helped by Boxed Beef Pop

Live cattle closed the Tuesday session with $1.60 to $2.72 gains, as boxed beef rallied for a second consecutive day. Cash action was mostly compiling showlists early this week. Last week was mixed, with...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 259.375
2nd Resistance Point 258.550
1st Resistance Point 257.750
Last Price 256.950s
1st Support Level 256.125
2nd Support Level 255.300
3rd Support Level 254.500

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52-Week High 280.700
Fibonacci 61.8% 262.498
Last Price 256.950s
Fibonacci 50% 256.875
Fibonacci 38.2% 251.252
52-Week Low 233.050

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