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Feeder Cattle Aug '23 (GFQ23)
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Feeder Cattle Futures Market News and Commentary

Cattle Rally Back for the Weekend

Friday’s cattle trade settled triple digits higher. The $2.10 gain in October left the lead month at a 15 cent gain for the week’s move, while Dec was still 47 cents in the red Fri/Fri. USDA reported had the week’s cash trade from $185-$186 in the North and mostly near $183 for the South. Feeder cattle futures ended Friday $0.82 to $1.45 in the black. That limited the week’s net loss to $3.27 for Sep. The CME Feeder Cattle Index from was 87 cents weaker on 9/21 to $253.22.  

The weekly CFTC report confirmed net new buying from cattle spec traders during the week that ended 9/19. The group added 5.2k new longs for a 103k contract net long. The funds were little changed through the week in feeder cattle – at 16,243 contracts net long for 9/19. 

The monthly CoF report showed 11.094m head of cattle in 1,000+hd feedlots on 9/1. That was a 2.18% drop from Sep ’22, near the 2.3% drop expected. NASS had August placements at 2.003m head, which was 5.1% lower yr/yr compared to the... 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
$3,465/3,150
First Notice Date
08/31/23
Expiration Date
08/31/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Sep 12, 2023

View Chart Details
Commercials - Long / Short
13,824 (-244)
15,252 (+301)
Non-Commercials - Long / Short
23,276 (+2,302)
11,357 (-71)
Producers - Long / Short
10,193 (-319)
11,827 (-180)
Swap Dealers - Long / Short
1,650 (+41)
1,444 (+447)
Managed Money - Long / Short
20,443 (+2,188)
4,471 (-597)
Other Reportables - Long / Short
2,833 (+114)
6,886 (+526)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
243.400 +2.27%
on 08/17/23
250.950 -0.80%
on 08/29/23
+0.455 (+0.18%)
since 08/01/23
3-Month
226.700 +9.81%
on 06/21/23
251.300 -0.94%
on 07/12/23
+7.280 (+3.01%)
since 06/01/23
52-Week
193.850 +28.41%
on 10/10/22
251.300 -0.94%
on 07/12/23
+49.680 (+24.93%)
since 09/01/22

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Cattle Rally Back for the Weekend

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LEZ23 : 191.350s (+0.98%)
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GFU23 : 254.100s (+0.33%)
GFV23 : 259.150s (+0.53%)
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Cattle on Feed

Cattle on Feed - 2023-09-22

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 248.930
2nd Resistance Point 248.930
1st Resistance Point 248.930
Last Price 248.930s
1st Support Level 248.930
2nd Support Level 248.930
3rd Support Level 248.930

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52-Week High 251.300
Last Price 248.930s
Fibonacci 61.8% 229.354
Fibonacci 50% 222.575
Fibonacci 38.2% 215.796
52-Week Low 193.850

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