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Live Cattle Pit Feb '23 (LCG23)
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Live Cattle (Pit) Futures Market News and Commentary

Cattle Close Mixed on Tuesday

Front month fat cattle futures were 2 to 40 cents higher at the bell, while feeder cattle went home as much as 57 cents in the red. May feeders held above the $200 mark at the session low and the fall months remain $25-30 above the spot March price. Tuesday’s FCE auction had 1,482 head listed with no sales between $162-163 bids and $165-166 asks. Cash trade remains light to unestablished for the week. CME’s Feeder Cattle Index for 3/27 was $191.34, up by another 10 cents. 

USDA’s Wholesale Boxed Beef prices were stronger in their afternoon report with a 27 cent increase for Choice and a 64 cent increase to Select. The Chc/Sel spread was $10.27 on Tuesday. USDA estimated Tuesday’s federally inspected cattle slaughter at 127k head. That set the week’s total at 252k head matching last week and 7,000 more than the same week last year. 

 

Apr 23 Cattle  closed at $164.950, up $0.050,

Jun 23 Cattle  closed at $158.900, up $0.025,

Aug 23 Cattle  closed at $158... Read more

Contract Specifications

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Contract
Live Cattle [Pit]
Contract Size
40,000 pounds
Tick Size
0.00025 per pound ($10.00 per contract)
Trading Hours
8:30a.m. - 1:02p.m. CST
Exchange
CME
Point Value
$400
Expiration Date
02/28/23 (expired)

Seasonal Chart

Live Cattle Pit Feb '23
Average Price Chart for 5 Prior Pit Contracts
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Price Performance

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Period Period Low Period High Performance
1-Month
158.425 +5.73%
on 02/01/23
167.500 unch
on 02/28/23
+10.775 (+6.88%)
since 01/27/23
3-Month
153.550 +9.08%
on 12/07/22
167.500 unch
on 02/28/23
+12.825 (+8.29%)
since 11/28/22
52-Week
147.525 +13.54%
on 05/31/22
167.500 unch
on 02/28/23
+16.925 (+11.24%)
since 02/28/22

More Live Cattle (Pit) Quotes

All Futures Prices
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Most Recent Stories

More News
Hogs Close Mostly Red

Front month lean hog futures settled the session mostly red, save for a 7 cent gain in the October contract. The nearby futures were 35 to 87 cents in the red at the close, but May was nearly $1.50 off...

HEJ23 : 77.750s (-1.11%)
HEM23 : 92.725s (-0.38%)
KMJ23 : 82.575s (-1.93%)
Cattle Close Mixed on Tuesday

Front month fat cattle futures were 2 to 40 cents higher at the bell, while feeder cattle went home as much as 57 cents in the red. May feeders held above the $200 mark at the session low and the fall...

LEJ23 : 164.950s (+0.03%)
LEM23 : 158.900s (+0.02%)
LEQ23 : 158.725s (+0.08%)
GFH23 : 191.725s (-0.32%)
GFJ23 : 197.225s (-0.20%)
Livestock Report

Cattle markets consolidate.

Shootin' the Bull about higher grains

It was difficult to make heads or tails out of today's trading.  Monday's abrupt one hour of trading most likely caused more confusion than anything else.  At this juncture, I see nothing to do. 

Hog Futures Down by Double Digits

The lean hog futures market is giving back $0.67 to $1.22 at midday. The National Average Base Hog price was 58 cents lower on Tuesday morning to $75.45. for Monday was 74 cents weaker to $75.84. The CME...

HEJ23 : 77.750s (-1.11%)
HEM23 : 92.725s (-0.38%)
KMJ23 : 82.575s (-1.93%)
Mixed Cattle Market at Midday

Cattle futures are mixed but mostly higher with prices up 2 to 35 cents. The Jun contract is trading at a 5 cent midday loss. Tuesday’s FCE auction had 1,482 head listed with no sales between $162-163...

LEJ23 : 164.950s (+0.03%)
LEM23 : 158.900s (+0.02%)
LEQ23 : 158.725s (+0.08%)
LEY00 : 163.000s (unch)
GFH23 : 191.725s (-0.32%)
GFJ23 : 197.225s (-0.20%)
Shootin' the Bull about higher commodities

Traders wanted to be long most everything commodity wise today.  Cattle were believed swept up in the buying frenzy of wanting to own something.  The rally could be a B wave with more downside still...

Hogs Saw Follow Through

Lean hog futures printed triple digit gains to start the week, but futures ended the day more than $1 off their session highs. April futures saw a $2.78 gain at the day’s high. The National Average Base...

HEJ23 : 77.750s (-1.11%)
HEM23 : 92.725s (-0.38%)
KMJ23 : 82.575s (-1.93%)
Monday Rally from Cattle Market

Live cattle futures rallied sharply to start the week. The front month contracts ended the day near their session highs with $1.90 to $2.27 gains. April was $1.72 under its contract high from earlier this...

LEJ23 : 164.950s (+0.03%)
LEM23 : 158.900s (+0.02%)
LEQ23 : 158.725s (+0.08%)
GFH23 : 191.725s (-0.32%)
GFJ23 : 197.225s (-0.20%)
Hogs Fade some for the Close

Lean hog futures printed triple digit gains to start the week, but futures ended the day more than $1 off their session highs. April futures saw a $2.78 gain at the day’s high. The National Average Base...

HEJ23 : 77.750s (-1.11%)
HEM23 : 92.725s (-0.38%)
KMJ23 : 82.575s (-1.93%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 167.500
2nd Resistance Point 167.500
1st Resistance Point 167.500
Last Price 167.500s
1st Support Level 167.500
2nd Support Level 167.500
3rd Support Level 167.500

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52-Week High 167.500
Last Price 167.500s
Fibonacci 61.8% 159.870
Fibonacci 50% 157.512
Fibonacci 38.2% 155.155
52-Week Low 147.525

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