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Feeder Cattle Sep '23 (GFU23)
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Feeder Cattle Futures Market News and Commentary

Cattle Rally Stalling in Broad Market Weakness

With decent Export Sales demand and cheaper feed grains, the fat cattle futures are trading triple digits in the red as ag futures generally drop through Thursday. The feeders are down $0.87 in Sep, but $2 in the other nearbys. Cash trade remains light for the week, with USDA confirming $184-$186 for the WCB in the few confirmed trades. The CME Feeder Cattle Index increased 55 cents to $253.42 on 9/19. 

Going into Friday’s COF report, analysts expect NASS to report a 2.3% lower inventory of ~11.023m head. The full range of estimates for Sep 1 is from -3.1% to -1% from Sep ’22. Placements are expected to be 6.7% lower yr/yr on average. The average estimate for marketings is to be 94.7% of LY. 

Weekly beef bookings were 13,746 MT for the week that ended 9/14 according to the Export Sales report. That was up form the CY low last week, but was down 9% from the same week last year. Both Japan and South Korea were buyers for over 3k MT. USDA reported 15,166 MT were shipped dur... 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
09/28/23 (7 days)
Expiration Date
09/28/23 (7 days)

Seasonal Chart

Feeder Cattle Sep '23
Average Price Chart for 5 Prior Sep 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
248.100 +2.04%
on 08/23/23
257.500 -1.69%
on 09/15/23
+2.825 (+1.13%)
since 08/21/23
3-Month
231.850 +9.19%
on 06/22/23
257.500 -1.69%
on 09/15/23
+21.725 (+9.39%)
since 06/21/23

More Feeder Cattle Quotes

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Most Recent Stories

More News
Cattle Rally Stalling in Broad Market Weakness

With decent Export Sales demand and cheaper feed grains, the fat cattle futures are trading triple digits in the red as ag futures generally drop through Thursday. The feeders are down $0.87 in Sep, but...

LEV23 : 184.975s (-0.96%)
LEZ23 : 189.500s (-1.06%)
LEG24 : 194.075s (-0.91%)
LEY00 : 182.480s (unch)
GFU23 : 253.275s (-0.35%)
GFV23 : 257.775s (-1.07%)
Limit Loss for Oct Hogs

Lean hogs are trading lower with the majority of ag futures on Thursday. Triple digit losses in the front months are at least $1.55, while the October contract is lock-limit lower so far. USDA’s National...

HEV23 : 82.950s (-3.29%)
HEZ23 : 74.475s (-4.79%)
KMV23 : 93.900 (-2.74%)
Cattle Rallied on Wednesday

Front month fat cattle closed the midweek session with gains of $0.92 to $1.27. The feeder cattle futures were $0.55 to $1.30 higher on the day. Cash trade remains light for the week, with USDA confirming...

LEV23 : 184.975s (-0.96%)
LEZ23 : 189.500s (-1.06%)
LEG24 : 194.075s (-0.91%)
GFU23 : 253.275s (-0.35%)
GFV23 : 257.775s (-1.07%)
Hogs Pushed Rally on Wednesday

Lean hog futures ended the midweek session with some triple digit gains of as much as $1.97. The entirety of the complex was $0.35 to $1.97 higher in the front months. USDA’s National Average Morning...

HEV23 : 82.950s (-3.29%)
HEG24 : 77.750s (-3.89%)
KMV23 : 93.900 (-2.74%)
Hogs Push Rally on Wednesday

Lean hog futures ended the midweek session with some triple digit gains of as much as $1.97. The entirety of the complex was $0.35 to $1.97 higher in the front months. USDA’s National Average Morning...

HEV23 : 82.950s (-3.29%)
HEG24 : 77.750s (-3.89%)
KMV23 : 93.900 (-2.74%)
Cattle Rally on Wednesday

Front month fat cattle closed the midweek session with gains of $0.92 to $1.27. The feeder cattle futures were $0.55 to $1.30 higher on the day. Cash trade remains light for the week, with USDA confirming...

LEV23 : 184.975s (-0.96%)
LEZ23 : 189.500s (-1.06%)
LEG24 : 194.075s (-0.91%)
GFU23 : 253.275s (-0.35%)
GFV23 : 257.775s (-1.07%)
Broiler Hatchery

Broiler Hatchery - 2023-09-20

Z8Y00 : 126.50s (unch)
WDX23 : 4,628s (-0.37%)
Midday Cattle Trading in the Black

Front month cattle are trading 45 to 60 cents in the black and are only 15 cents off their high for the day. The week’s cash trade was mostly unestablished on Monday. USDA reported cash cattle trade...

LEV23 : 184.975s (-0.96%)
LEZ23 : 189.500s (-1.06%)
LEG24 : 194.075s (-0.91%)
LEY00 : 182.480s (unch)
GFU23 : 253.275s (-0.35%)
GFV23 : 257.775s (-1.07%)
Hogs Continuing Higher on Wednesday

Front month lean hog futures are up $0.82 to $1.52 so far for the midweek session. USDA’s National Average Morning Base Hog price for Tuesday fell 5 cents to $77.81. The 9/15 CME Lean Hog Index dropped...

HEV23 : 82.950s (-3.29%)
HEZ23 : 74.475s (-4.79%)
KMV23 : 93.900 (-2.74%)
Are the Grain Markets About to Rally?

Grain markets traded sharply lower yesterday morning but managed to find their footing to finish steady to firm on the day. That recovery has spilled into some overnight and early morning strength. Is...

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 256.517
2nd Resistance Point 255.508
1st Resistance Point 254.842
Last Price 253.275s
1st Support Level 253.167
2nd Support Level 252.158
3rd Support Level 251.492

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52-Week High 257.500
Last Price 253.275s
Fibonacci 61.8% 233.730
Fibonacci 50% 226.387
Fibonacci 38.2% 219.045
52-Week Low 195.275

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