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Live Cattle Pit Dec '23 (LCZ23)
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Live Cattle (Pit) Futures Market News and Commentary

Weekly Cattle Chart Settled Red, Feeders in the Black

Live cattle limited the week’s draw down with a triple digit gain of as much as 2% on Friday. Feb fats were up by $3.20 for the day, but still down by $3.40 for the week. There have been no Dec cattle deliveries issued, with the oldest long listed as 7/15. There were a few $166-$168 sales reported on Friday, but USDA maintained the bulk of sales for the week was near $171. Feeder cattle futures closed up by 2.3% on Friday, flipping the board to a net gain for the weekly move. Jan feeders closed 87 cents above last Friday. The CME Feeder Cattle Index was $220.04 on 12/07, another $2.22 weaker. 

CFTC’s weekly Commitment of Traders report had cattle spec traders taking closing longs for an 8.7k weaker net long of 27.7k contracts on 12/5. The spec traders had extended their net short in feeder cattle by 634 contracts to 1,247 via net new selling. 

Friday afternoon’s boxed beef report showed Choice boxes were $288.01, down by $1.83, and Select boxes were $257.90, down by 93 c... 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
12/29/23 (18 days)

Seasonal Chart

Live Cattle Pit Dec '23
Average Price Chart for 5 Prior Pit Contracts
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Price Performance

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Period Period Low Period High Performance
1-Month
162.350 +1.91%
on 12/07/23
177.775 -6.93%
on 11/15/23
-13.950 (-7.78%)
since 11/08/23
3-Month
162.350 +1.91%
on 12/07/23
191.825 -13.75%
on 09/15/23
-21.975 (-11.72%)
since 09/08/23
52-Week
162.350 +1.91%
on 12/07/23
191.825 -13.75%
on 09/15/23
+2.325 (+1.43%)
since 12/08/22

More Live Cattle (Pit) Quotes

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Most Recent Stories

More News
Weekly Cattle Chart Settled Red, Feeders in the Black

Live cattle limited the week’s draw down with a triple digit gain of as much as 2% on Friday. Feb fats were up by $3.20 for the day, but still down by $3.40 for the week. There have been no Dec cattle...

LEZ23 : 164.775 (-0.41%)
LEG24 : 165.000 (-0.44%)
LEJ24 : 168.500 (-0.47%)
GFF24 : 213.650 (-0.77%)
GFH24 : 214.275 (-0.83%)
Lean Hogs to Follow Red Week

Lean hog futures finished the last trade day of the week with $0.87 to $1.52 gains. For Feb, that reduced the week’s loss to $1.12. The National Average Base Hog price for Friday afternoon was 17 cents...

HEZ23 : 68.075 (-0.51%)
HEJ24 : 75.625 (-0.69%)
KMZ23 : 82.350s (+1.17%)
USDA tightens US and global wheat stocks

Key Live cattle chart gaps filled

Pure Hedge - Livestock and Grain

WASDE Report: Livestock Higher - Grains Lower - Opportunity Exists in Option Markets

Soybeans Just Completed The 78.6% Target At 1310.00, Here's What To Look For Now, Plus Corn And Wheat Update

There are times when the market will complete a 78.6% retracement to a 78.6% retracement the other way as the Soybeans just did, or it can make a move of one major Gann square to another like it did in...

ZSH24 : 1343-4 (+1.55%)
ZCH24 : 482-4 (-0.62%)
ZWZ23 : 615-0s (-1.76%)
Hogs Rally Into Weekend

Lean hog futures finished the last trade day of the week with $0.87 to $1.52 gains. For Feb, that only reduced the week’s loss to $1.12. The National Average Base Hog price for Friday afternoon was 17...

HEZ23 : 68.075 (-0.51%)
HEJ24 : 75.625 (-0.69%)
KMZ23 : 82.350s (+1.17%)
Strong Friday Rally for Cattle Futures

Live cattle limited the week’s draw down with a triple digit gain of as much as 2% on Friday. Feb fats were up by $3.20 for the day, but still down by $3.40 for the week. There have been no Dec cattle...

LEZ23 : 164.775 (-0.41%)
LEG24 : 165.000 (-0.44%)
LEJ24 : 168.500 (-0.47%)
GFF24 : 213.650 (-0.77%)
GFH24 : 214.275 (-0.83%)
Livestock Markets Rally to End Week on a Positive note

Short- covering rally to end week

Shootin' the Bull about good demand

In my opinion, cattle feeders got busy this week procuring inventory at the best basis spread of the year.  Not only that, I have heard of light weight cattle being gobbled up for wheat pastures and the...

Hogs Near Top End of $1.15 Range

Midday hog futures are trading 40 to 62 cents in the black, with the Feb contract ~20 cents off the session high. Feb futures have seen a$1.15 range so far for the last trade day of the week. The National...

HEZ23 : 68.075 (-0.51%)
HEG24 : 68.375 (-0.87%)
KMZ23 : 82.350s (+1.17%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 165.450
2nd Resistance Point 165.450
1st Resistance Point 165.450
Last Price 165.450s
1st Support Level 165.450
2nd Support Level 165.450
3rd Support Level 165.450

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52-Week High 191.825
Fibonacci 61.8% 180.566
Fibonacci 50% 177.087
Fibonacci 38.2% 173.609
Last Price 165.450s
52-Week Low 162.350

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