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Live Cattle Pit Feb '23 (LCG23)

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Live Cattle (Pit) Futures Market News and Commentary

Cattle Traders Look to Square Up Ahead of Friday’s CoF Report

Live cattle futures were down a tick to as much as 60 cents in the 2024 contracts on Wednesday with the 2025 futures up 7 to 45 cents. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids at $181 and asks at $184. Feeder cattle were pulling back at midweek, with contract down 2 to 70 cents (April was an exception, up 7 cents). The CME Feeder Cattle index was $1.27 higher on April 16 to $242.63. 

Cattle on Feed data will be released on Friday, with the trade expecting to see March placements down 7% from a year ago. Marketings during the month are projected to be 11.9% lower vs. March 2023.  April 1 on feed inventory is seen up 2.1% from last year. 

USDA’s Wholesale Boxed Beef prices were lower in the Wednesday afternoon report. Choice boxes were down $1.24 to $296.78, with Select $1.76 lower to $290.88. That took the Chc/Sel spread to $5.90. Wednesday’s USDA estimated cattle slaughter was pegged... 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
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

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

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Most Recent Stories

More News
Cattle Traders Look to Square Up Ahead of Friday’s CoF Report

Live cattle futures were down a tick to as much as 60 cents in the 2024 contracts on Wednesday with the 2025 futures up 7 to 45 cents. Cash action has been quiet this week. The Central Stockyards Fed Cattle...

LEJ24 : 181.000 (+0.06%)
LEM24 : 175.625 (+0.17%)
LEQ24 : 173.525 (+0.43%)
GFJ24 : 241.150 (+0.30%)
GFK24 : 242.100 (+0.76%)
GFQ24 : 253.900 (+0.70%)
Hogs Switch Focus to Thursday

Hogs were mixed on the Wednesday trade session, as contracts were anywhere within 10 cents lower to 47 cents higher. USDA’s National Average Base Hog negotiated price was up 9 cents at $89.13 in the...

HEK24 : 93.825 (-1.16%)
HEM24 : 101.275 (-1.41%)
HEN24 : 102.875 (-1.37%)
Pure Hedge - Livestock and Grain

Cattle and Beans about to break again... Bullish Corn Now.

Cattle Close Mixed on Wednesday

Live cattle futures were down a tick to 60 cents in the 2024 contracts on Wednesday with the 2025 futures up 7 to 45 cents. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange...

LEJ24 : 181.000 (+0.06%)
LEM24 : 175.625 (+0.17%)
LEQ24 : 173.525 (+0.43%)
GFJ24 : 241.150 (+0.30%)
GFK24 : 242.100 (+0.76%)
GFQ24 : 253.900 (+0.70%)
Hogs Close Wednesday Mostly Higher

Hogs were mixed on the Wednesday trade session, as contracts were anywhere within 10 cents lower to 47 cents higher. USDA’s National Average Base Hog negotiated price was up 9 cents at $89.13 in the...

HEK24 : 93.825 (-1.16%)
HEM24 : 101.275 (-1.41%)
HEN24 : 102.875 (-1.37%)
Shootin' the Bull about declining volatility

Price action today didn't seem to impress anyone.  There remains some indecision and skepticism as to what the next most probable move is going to be.  My analysis continues to suggest further triangulation...

Broiler Hatchery

Broiler Hatchery - 2024-04-17

Z8Y00 : 116.50s (unch)
WDU24 : 3,779s (-1.25%)
Hogs Mostly Lower on Wednesday

Hogs are down 15 to 52 cents across most contracts, with exception to a 12 cent gain in the August. USDA’s National Average Base Hog negotiated price was up $2.31 at $88.45 in this morning report. The...

HEK24 : 93.825 (-1.16%)
HEM24 : 101.275 (-1.41%)
HEN24 : 102.875 (-1.37%)
Cattle Pulling Back After Early Week Gains

Live cattle futures are down anywhere from a quarter to $1.45 at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids...

LEJ24 : 181.000 (+0.06%)
LEM24 : 175.625 (+0.17%)
LEQ24 : 173.525 (+0.43%)
GFJ24 : 241.150 (+0.30%)
GFK24 : 242.100 (+0.76%)
GFQ24 : 253.900 (+0.70%)
Cattle Rally

Cattle futures were able to stage an impressive relief rally in yesterday's trade but are approaching resistance.  Will the Bulls be able to keep the momentum going?

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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