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Live Cattle Feb '23 (LEG23)

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Live Cattle Futures Market News and Commentary

Friday Gains for Cattle Futures

Fat cattle finished out the week of trading with 12 to 40 cent gains on Friday. For Feb, that left the board at a net 10 cent gain for the week, while April was up by 90 cents Friday to Friday. USDA confirmed some light catch up business in the WCB on Friday, with sales of $155 - $156. The USDA mentioned activity from $152 to $157 through the week with limited enough volume to not declare a bulk price outside of $155 in NE. Feeder cattle went into the weekend 42 to 62 cents higher on the day for the front months. March feeder cattle closed $2.50 above last Friday. The CME Feeder Cattle Index for 1/26 was another $0.77 higher to $179.57.

The Commitment of Traders report showed live cattle spec traders closed 7.1k longs through the week that ended 1/24. That weakened their net long to 76,857 contracts. Feeder cattle spec traders were 5,549 contracts net short at the Tuesday settle. That is 409 contracts less net short through the week given light net new buying. 

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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
$1,760/1,600
First Notice Date
02/06/23 (9 days)
Expiration Date
02/28/23 (31 days)

Seasonal Chart

Live Cattle Feb '23
Average Price Chart for 5 Prior Feb Contracts

Commitment of Traders Positions as of Jan 24, 2023

View Chart Details
Commercials - Long / Short
96,720 (+1,685)
159,543 (-3,201)
Non-Commercials - Long / Short
117,249 (-9,488)
51,021 (-1,573)
Producers - Long / Short
43,196 (+4,605)
149,202 (-1,545)
Swap Dealers - Long / Short
45,848 (-1,501)
2,665 (-237)
Managed Money - Long / Short
101,745 (-8,691)
26,580 (+765)
Other Reportables - Long / Short
15,504 (-797)
24,441 (-2,338)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
155.375 +0.87%
on 01/19/23
159.175 -1.54%
on 12/29/22
-1.150 (-0.73%)
since 12/27/22
3-Month
152.275 +2.92%
on 11/14/22
159.175 -1.54%
on 12/29/22
-0.125 (-0.08%)
since 10/27/22
52-Week
147.200 +6.47%
on 01/28/22
159.175 -1.54%
on 12/29/22
+9.575 (+6.51%)
since 01/27/22

More Live Cattle Quotes

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Most Recent Stories

More News
Mixed Hog Trade into Weekend

Hog futures went into the weekend mixed on Friday, with Feb and April giving back $1.15 and $0.55 respectively. The back months continued their bounce, with gains of 7 to 87 cents on the day. Feb closed...

HEG23 : 75.875s (-1.49%)
HEK23 : 94.925s (+0.08%)
KMG23 : 83.675s (-0.83%)
Friday Gains for Cattle Futures

Fat cattle finished out the week of trading with 12 to 40 cent gains on Friday. For Feb, that left the board at a net 10 cent gain for the week, while April was up by 90 cents Friday to Friday. USDA confirmed...

LEG23 : 156.725s (unch)
LEJ23 : 160.825s (+0.19%)
LEM23 : 157.775s (+0.25%)
GFH23 : 183.475s (+0.34%)
GFJ23 : 187.550s (+0.29%)
Is Corn Ready for a Seasonal February Rally?

After correcting a portion of the recent rally off the seasonal lows, corn appears to be ready to resume its post-harvest rally, as February has historically seen the uptrend continue into the first week...

ZCH23 : 683-0s (unch)
XNH23 : 683-0s (unch)
CORN : 26.54 (-0.15%)
Livestock Report

Hogs test resistance and fails

Cattle Commentary

Live cattle futures are reversing early losses from extended profit-taking efforts and faded hopes of developing cash cattle trade. Cash cattle activity remains quiet, with packers seeking to buy animals...

Shootin' the Bull about cattle

In my opinion, there is a divide between reality and optimism that is believed presenting an opportunity to market inventory at prices today, that may or may not be available in the future. 

Mixed Midday in Hog Trade

Front month lean hog futures are mixed at midday. The nearby prices are 20 to 87 cents lower while the deferred contracts add to their premium with 40 to 95 cent gains so far through Friday. USDA’s National...

HEG23 : 75.875s (-1.49%)
HEK23 : 94.925s (+0.08%)
KMG23 : 83.675s (-0.83%)
Cattle Working Higher into the Weekend

Live cattle are up by as much as 40 cents so far for the week’s last trade day. USDA confirmed some Thursday cash trade from $152 to $155, though volumes remain too light to establish a trend for the...

LEG23 : 156.725s (unch)
LEJ23 : 160.825s (+0.19%)
LEM23 : 157.775s (+0.25%)
LEY00 : 156.000s (unch)
GFH23 : 183.475s (+0.34%)
GFJ23 : 187.550s (+0.29%)
Thursday Recovery in Hogs

Lean hogs saw new lows for the move on Thursday morning before rallying to close triple digits higher. April saw a wide $3.70 range on the day and closed at $87 for a nearly 2% gain. USDA’s National...

HEG23 : 75.875s (-1.49%)
HEK23 : 94.925s (+0.08%)
KMG23 : 83.675s (-0.83%)
Cattle Worked Lower Yesterday

Jan feeder cattle rolled off the board at $179.57 to be settled against the index. The CME Feeder Cattle Index for 1/25 was $1.20 higher at $178.80. The other feeder cattle futures were down by $0.90 to...

LEG23 : 156.725s (unch)
LEJ23 : 160.825s (+0.19%)
LEM23 : 157.775s (+0.25%)
GFH23 : 183.475s (+0.34%)
GFJ23 : 187.550s (+0.29%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 157.483
2nd Resistance Point 157.242
1st Resistance Point 156.983
Last Price 156.725s
1st Support Level 156.483
2nd Support Level 156.242
3rd Support Level 155.983

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52-Week High 159.175
Last Price 156.725s
Fibonacci 61.8% 154.601
Fibonacci 50% 153.188
Fibonacci 38.2% 151.774
52-Week Low 147.200

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