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Feeder Cattle May '23 (GFK23)
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Feeder Cattle Futures Market News and Commentary

Cattle Futures Rally to Start the Week

Live cattle futures bulls got back to work after the holiday with triple digit gains of as much as $2. That led to new contract highs and had the June contract within $6 of where April expired. Feeders closed the session nearly $1 off the daily highs, but were still up $3.37 to $3.85 at the close. USDA had the cash market unestablished through Tuesday. Last week’s bulk was near $171 in the South and $180-182 in the North. USDA reported 9.6k head of feeders were sold in the OKC feeder cattle auction review. Prices were $4-$10 stronger. The CME Feeder Cattle Index was $207.61 on 5/29, down 1 penny.  

USDA’s Wholesale Boxed Beef report had Choice up $1.03 to $304.96, and Select up $2.85 to $287.77. USDA estimated The week’s FI cattle slaughter at 128k head through Tuesday, down 2,000 head from the same week last year. 

Jun 23 Cattle  closed at $168.875, up $1.525,

Aug 23 Cattle  closed at $167.175, up $2.000,

Oct 23 Cattle  closed at $171.325, up $1.725,

A... 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
$3,315/2,850
First Notice Date
05/25/23
Expiration Date
05/25/23 (expired)

Seasonal Chart

Feeder Cattle May '23
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 23, 2023

View Chart Details
Commercials - Long / Short
15,570 (+1,401)
18,616 (+2,486)
Non-Commercials - Long / Short
26,276 (+2,568)
12,813 (+292)
Producers - Long / Short
10,812 (+1,276)
14,127 (+2,389)
Swap Dealers - Long / Short
1,461 (-49)
1,192 (-77)
Managed Money - Long / Short
22,522 (+1,932)
6,535 (-153)
Other Reportables - Long / Short
3,754 (+636)
6,278 (+445)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
202.000 +3.89%
on 05/08/23
212.200 -1.10%
on 04/28/23
-0.415 (-0.20%)
since 04/26/23
3-Month
196.650 +6.72%
on 03/24/23
212.775 -1.37%
on 04/21/23
+11.810 (+5.96%)
since 02/24/23
52-Week
178.300 +17.70%
on 06/01/22
212.775 -1.37%
on 04/21/23
+29.485 (+16.35%)
since 05/26/22

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Most Recent Stories

More News
The 2023 Grilling Season Begins

May’s final weekend ushers in the summer, and Memorial Day Weekend starts the annual grilling season. The demand for beef, pork, and animal proteins peaks during the summer, and prices often reach highs....

LEQ23 : 167.075 (-0.06%)
FCQ23 : 237.775s (+1.65%)
HEQ23 : 81.350 (+3.24%)
GFQ23 : 238.700 (+0.39%)
COW : 37.85 (+2.86%)
Hogs Trading with $7 Expanded Limits Today

Front month lean hog futures closed with the limit $4.75 gains in the first 3 months. The back months also rallied at least 4% into the new week. The market will trade within the $7 expanded limit on Wednesday....

HEM23 : 82.050 (+1.52%)
HEQ23 : 81.350 (+3.24%)
KMM23 : 85.100 (+1.25%)
Cattle Futures Rally to Start the Week

Live cattle futures bulls got back to work after the holiday with triple digit gains of as much as $2. That led to new contract highs and had the June contract within $6 of where April expired. Feeders...

LEM23 : 168.575 (-0.18%)
LEQ23 : 167.075 (-0.06%)
LEV23 : 171.475 (+0.09%)
GFQ23 : 238.700 (+0.39%)
GFU23 : 241.750 (+0.45%)
Limit Gains from Hog Market

Front month lean hog futures closed with the limit $4.75 gains in the first 3 months. The back months also rallied at least 4% into the new week. The market will trade within the $7 expanded limit on Wednesday....

HEM23 : 82.050 (+1.52%)
HEQ23 : 81.350 (+3.24%)
KMM23 : 85.100 (+1.25%)
Cattle Futures Rally to Start the Week

After the 3-day weekend, live cattle futures closed the first trade day of the week with triple digit gains of as much as $2. That led to new contract highs and had the June contract to within $6 of where...

LEM23 : 168.575 (-0.18%)
LEQ23 : 167.075 (-0.06%)
LEV23 : 171.475 (+0.09%)
GFQ23 : 238.700 (+0.39%)
GFU23 : 241.750 (+0.45%)
Grains: The Market Giveth and The Market Taketh

Grain futures had a strong rally last week but were unable to find any follow-through in today's trade.

Hogs Limit Up through Midday

Hog prices are locked limit higher in the July and August contract with $3.27 to $4.65 gains in the other nearbys, following 6 consecutive red days. End of month asset allocation protocol would suggest...

HEM23 : 82.050 (+1.52%)
HEQ23 : 81.350 (+3.24%)
KMM23 : 85.100 (+1.25%)
Triple Digit Rallies for Cattle Market

Feeder cattle futures are leading the rally with 1.6% to 1.8% gains at midday. The fats are also $0.95 to $1.67 higher at midday. USDA called the bulk price for last week $171 in the South, $180-182 in...

LEM23 : 168.575 (-0.18%)
LEQ23 : 167.075 (-0.06%)
LEV23 : 171.475 (+0.09%)
LEY00 : 170.850s (unch)
GFQ23 : 238.700 (+0.39%)
GFU23 : 241.750 (+0.45%)
Hogs Set More New LoC Lows on Friday

Hog futures ended Friday with more triple digit losses to new life-of-contract lows. June settled the session 2% in the red for a net weekly drop of $6.95. June is also at a $15.62 loss so far for the...

Cattle Continued to New LoC Highs LW

The cattle futures market was mixed on Friday with fats making new contract highs and the feeders fading into the holiday weekend on rising feed costs. Live cattle futures settled up by 5 to 57 cents on...

LEM23 : 168.575 (-0.18%)
LEQ23 : 167.075 (-0.06%)
LEV23 : 171.475 (+0.09%)
GFQ23 : 238.700 (+0.39%)
GFU23 : 241.750 (+0.45%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 209.860
2nd Resistance Point 209.860
1st Resistance Point 209.860
Last Price 209.860s
1st Support Level 209.860
2nd Support Level 209.860
3rd Support Level 209.860

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52-Week High 212.775
Last Price 209.860s
Fibonacci 61.8% 199.606
Fibonacci 50% 195.538
Fibonacci 38.2% 191.469
52-Week Low 178.300

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