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Live Cattle Oct '22 (LEV22)
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Live Cattle Futures Market News and Commentary

Cattle Close Week Lower

Fat cattle’s triple digit losses flipped the board to net red for the week’s move. Feb closed Friday down by $2.70, and was #$1.85 weaker wk/wk. Cash trade for the week was mostly $174-$175, UNCH to $1-2 weaker for the week. 

Feeder cattle prices were down by over 2% on the last trade day of the week. Jan closed with a net $5.25 loss on Friday’s session, leaving the weekly chart on a $4.90 loss. The CME Feeder Cattle Index was $1.12 stronger for 11/30 at $225.89. 

USDA quoted the Wholesale Boxed Beef prices at $297.46 for Choice ($5.92.98 cwt. for ribs) and $265.49 for Select (ribs @ $466.27 cwt.). That was down by $1.56 for Choice and up by 74 cents for Select for a $31.97 Chc/Sel spread. USDA reported the week’s beef production was 529.7 million lbs on a 635k head harvest. That was down 3.8% from last year, as the YTD total trails 2022 by 5.3% on output and 4.7% on slaughter.    

Dec 23 Cattle  are at $170.150, down $0.725,

Feb 24 Cattle  are at $170.550, d... 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
10/10/22
Expiration Date
10/31/22 (expired)

Seasonal Chart

Live Cattle Oct '22
Average Price Chart for 5 Prior Oct Contracts

Commitment of Traders Positions as of Nov 28, 2023

View Chart Details
Commercials - Long / Short
105,202 (-3,782)
141,529 (-3,372)
Non-Commercials - Long / Short
78,406 (-804)
38,549 (-2,005)
Producers - Long / Short
47,507 (-2,406)
138,418 (-2,724)
Swap Dealers - Long / Short
55,443 (-650)
859 (+78)
Managed Money - Long / Short
50,990 (-1,526)
18,299 (+953)
Other Reportables - Long / Short
27,416 (+722)
20,250 (-2,958)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
143.725 +2.12%
on 10/03/22
151.900 -3.37%
on 10/27/22
+3.500 (+2.44%)
since 09/30/22
3-Month
141.875 +3.45%
on 08/02/22
151.900 -3.37%
on 10/27/22
+4.550 (+3.20%)
since 07/29/22
52-Week
133.600 +9.86%
on 11/01/21
151.900 -3.37%
on 10/27/22
+12.600 (+9.39%)
since 10/29/21

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Lean Hogs Finish Friday Red

The front month lean hog futures fell $0.17 to $1.37 lower across the front months. That limited the weekly move to a net $1.32 gain for Feb hogs. Feb hogs rounded out the month of Nov with a $3.40 loss...

HEZ23 : 68.600s (-0.25%)
HEG24 : 70.100s (-1.92%)
KMZ23 : 81.650s (+1.11%)
Cattle Close Week Lower

Fat cattle’s triple digit losses flipped the board to net red for the week’s move. Feb closed Friday down by $2.70, and was #$1.85 weaker wk/wk. Cash trade for the week was mostly $174-$175, UNCH to...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
LEY00 : 175.000s (unch)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)
Shootin' the Bull about a down turn in everything

This week, my indigestion or intuition began causing me to lose sleep.  I have been anticipating energy to move sharply higher, and beans as well.  Neither have done what was anticipated.  By Friday,...

Hogs Beginning December with Red Day

Lean hogs start the new month with $0.62 to $1.35 losses through Dec 1’s midday. Feb hogs rounded out the month of Nov with a $3.40 loss for the month after an incredibly wide trading range from $65.80-$77.77....

HEZ23 : 68.600s (-0.25%)
HEG24 : 70.100s (-1.92%)
KMZ23 : 81.650s (+1.11%)
Cattle Down again for Friday

Front month live cattle prices are currently $0.90 to $1.52 in the red. The final print of the month left the Feb cattle contract down by a net $12.80 for November, following October’s $7.87 loss. USDA...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
LEY00 : 175.000s (unch)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)
Buy the Dip?

Grains are softer in the early morning trade as we wade into the last month of the year, but is this a buying opportunity in corn?

Cattle Finished November with $12.80 Loss

The final print of the month left the Feb cattle contract down by a net $12.80, following October’s $7.87 loss. The Thursday session itself also flipped the week’s net move back to red after live cattle...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)
$12 Trading Range for Hogs During November

Hogs rounded out the last trading day of Nov $0.60 to $1.37 stronger on Thursday. That left the Feb contract with a $3.40 loss for the month, after an incredibly wide trading range from $65.80-$77.77....

HEZ23 : 68.600s (-0.25%)
HEJ24 : 76.375s (-1.26%)
KMZ23 : 81.650s (+1.11%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 153.275
2nd Resistance Point 151.975
1st Resistance Point 149.375
Last Price 146.775s
1st Support Level 145.475
2nd Support Level 144.175
3rd Support Level 141.575

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52-Week High 151.900
Last Price 146.775s
Fibonacci 61.8% 144.909
Fibonacci 50% 142.750
Fibonacci 38.2% 140.591
52-Week Low 133.600

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