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Live Cattle Feb '23 (LEG23)

167.500s +2.500 (+1.52%) 02/28/23 [CME]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Tue, Feb 28th, 2023
Day Low
164.825
Day High
167.500
Open 164.825
Previous Close 165.000 165.000
Volume 151 151
Open Interest 178 178
Stochastic %K 92.90% 92.90%
Weighted Alpha +14.03 +14.03
5-Day Change +2.750 (+1.67%) +2.750 (+1.67%)
52-Week Range 147.225 - 167.500 147.225 - 167.500
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Live Cattle Futures Market News and Commentary

Cattle Slip Lower From Contract Highs

Live cattle futures posted contract highs on Wednesday, but slipped back lower on Thursday to close with 22 to 42 cent losses. Cash trade has been light this week, with light trade picked up in KS at $230-231 and thin $242 northern action. Feeder cattle faded 30 to 60 cents lower on Thursday. The CME Feeder Cattle Index was back up 26 cents to $322.17 on July 16. 

USDA reported net weekly beef export sales of 8,800 MT in this morning’s update for the week ending July 10. That included the July 4th weekend.  Sales were down 24% from the pre-holiday week, with Japan the largest buyer. 

USDA Wholesale Boxed Beef prices were mixed in the Thursday PM report, with the Chc/Sel spread widening back to $19.44. Choice boxes (600-900 lb) were down $0.43 to $372.28, while Select was quoted $4.07 lower at $353.84/cwt. USDA estimated cattle slaughter for Thursday at 115,000 head, with the weekly total at 458,000. That was 20,053 head lower vs. the same weekly total in 2024.

Aug... Read more

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
$3,025/2,750
First Notice Date
02/06/23
Expiration Date
02/28/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jul 8, 2025

View Chart Details
Commercials - Long / Short
119,418 (+3,164)
198,334 (-2,291)
Non-Commercials - Long / Short
187,710 (+2,829)
86,388 (+5,615)
Producers - Long / Short
61,972 (+3,265)
188,055 (-1,361)
Swap Dealers - Long / Short
51,809 (+812)
4,642 (-17)
Managed Money - Long / Short
153,191 (+2,800)
29,427 (+2,195)
Other Reportables - Long / Short
34,519 (+29)
56,961 (+3,420)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
157.050 +6.65%
on 01/30/23
Period Open: 156.725
167.500 unch
on 02/28/23
+10.775 (+6.88%)
since 01/27/23
3-Month
152.750 +9.66%
on 12/07/22
Period Open: 154.675
167.500 unch
on 02/28/23
+12.825 (+8.29%)
since 11/28/22
52-Week
147.225 +13.77%
on 05/31/22
Period Open: 150.575
167.500 unch
on 02/28/23
+16.925 (+11.24%)
since 02/28/22

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Most Recent Stories

More News
Cattle Slip Lower From Contract Highs

Live cattle futures posted contract highs on Wednesday, but slipped back lower on Thursday to close with 22 to 42 cent losses. Cash trade has been light this week, with light trade picked up in KS at $230-231...

LEZ25 : 220.500s (-0.24%)
LEV25 : 220.325s (-0.19%)
LEQ25 : 223.675s (-0.10%)
GFU25 : 325.425s (-0.13%)
GFQ25 : 325.000s (-0.18%)
GFV25 : 323.675s (-0.09%)
Hogs Extend Bounce into Thursday

Lean hog futures added to the midday gains on Thursday to close $1.40 to $1.90 higher. USDA’s national base hog price had a weighted average of $110.70 this afternoon, down $2.02 from Wednesday. The...

HEV25 : 90.600s (+2.14%)
HEQ25 : 105.825s (+1.34%)
HEZ25 : 82.325s (+2.33%)
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Pure Hedge - Livestock and Grain

Grains are Ready to Move Higher - Tomorrow Will Tell if the Cattle Markets Have Topped Out

A Mostly Choppy Trade on Thursday With a Few Markets Catching Our Eyes

Commodity markets were choppy on Thursday with a mixed finish in grains and a sluggish day in cattle. However, there were two commodities that caught our eye and could provide some opportunity to round...

Can Cattle Futures Sustain the Rally as the Offseason Approaches?

Live cattle futures rose to new record highs, and the feeder cattle futures hit another record peak in July. The offseason for beef demand is approaching, but the cattle futures have ignored seasonality...

LEQ25 : 223.675s (-0.10%)
GFQ25 : 325.000s (-0.18%)
Cattle Retreating on Thursday After New LOC Highs on Wednesday

Live cattle futures posted contract highs on Wednesday, with contracts closing up $1.40 to $1.50. Preliminary open interest was up 2,836 contracts. They are backing off in the Thursday session due to...

LEZ25 : 220.500s (-0.24%)
LEV25 : 220.325s (-0.19%)
LEQ25 : 223.675s (-0.10%)
GFU25 : 325.425s (-0.13%)
GFQ25 : 325.000s (-0.18%)
GFV25 : 323.675s (-0.09%)
Hogs Extend Wednesday Buying into Thursday, Shakin and Bacon

Lean hog futures posted gains of 50 cents to $1.30 on Wednesday and are trading another $0.77 to $1.30/cwt higher at midday on Thursday. Preliminary open interest was down 4,490 contracts on Wednesday,...

HEV25 : 90.600s (+2.14%)
HEQ25 : 105.825s (+1.34%)
HEZ25 : 82.325s (+2.33%)
Cattle Look to Thursday Trade

Live cattle futures pushed to contract highs on Wednesday, with contracts closing up $1.40 to $1.50. Preliminary open interest was up 2,836 contracts. Cash trade has been light this week, with southern...

LEZ25 : 220.500s (-0.24%)
LEV25 : 220.325s (-0.19%)
LEQ25 : 223.675s (-0.10%)
GFU25 : 325.425s (-0.13%)
GFQ25 : 325.000s (-0.18%)
GFV25 : 323.675s (-0.09%)
Hogs Look to Thursday after Wednesday Gains

Lean hog futures posted gains of 50 cents to $1.30 on the Wednesday session. Preliminary open interest was down 4,490 contracts. USDA’s national base hog price had a weighted average of $112.60 on Wednesday...

HEV25 : 90.600s (+2.14%)
HEQ25 : 105.825s (+1.34%)
HEZ25 : 82.325s (+2.33%)
WALSH PURE SPREADER - Pure Hedge Division

SEP-DEC CORN SPREAD (ZCU25 – ZCZ25)

Shootin' the Bull and rambling

Cattle feeders are fighting for market share, assuming risks of significant projected losses, in an exceptionally wide positive basis.

Broiler Hatchery

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Cattle Hit New Life of Contract Highs Again on Wednesday

Live cattle futures are flashing new life of contract highs as we hit the middle of the day on Wednesday. As this is written, the high of the day for August futures has been $223.82. Cash trade has yet...

LEZ25 : 220.500s (-0.24%)
LEV25 : 220.325s (-0.19%)
LEQ25 : 223.675s (-0.10%)
GFU25 : 325.425s (-0.13%)
GFQ25 : 325.000s (-0.18%)
GFV25 : 323.675s (-0.09%)
Deferred Hogs About $1 Higher at Midday on Wednesday

Lean hog futures are trading higher this morning after settling mixed on Tuesday. USDA’s national base hog price had a weighted average of $111.81 on Wednesday morning, up $1.45 from the day prior. The...

HEV25 : 90.600s (+2.14%)
HEQ25 : 105.825s (+1.34%)
HEZ25 : 82.325s (+2.33%)
Hogs Switch Focus to Midweek Trade

Lean hog futures were mixed on Tuesday, with contracts up 70 to down 50 cents in most nearbys, as July rolled off the board. USDA’s national base hog price was reported at $112.60 on Tuesday afternoon,...

HEV25 : 90.600s (+2.14%)
HEQ25 : 105.825s (+1.34%)
HEZ25 : 82.325s (+2.33%)
Cattle Look to Wednesday Afte Back and Forth Trade this Week

Live cattle futures switched back to rally mode on Tuesday, posting gains of $2.10 to $3.05. Cash trade has yet to get kicked off this week, after strengthening to $228-$230 in the South and $240-241 in...

LEZ25 : 220.500s (-0.24%)
LEV25 : 220.325s (-0.19%)
LEQ25 : 223.675s (-0.10%)
GFU25 : 325.425s (-0.13%)
GFQ25 : 325.000s (-0.18%)
GFV25 : 323.675s (-0.09%)
Live Cattle Spread of the Year...So Far

Good evening. I am Stephen Davis with Walsh Trading Inc. in Chicago, Illinois. Fundamentals for live cattle continue to climb since starting to trend higher in April. New contract highs were reached in...

Cattle Rally Back Higher on Tuesday

Live cattle futures were back to rally mode on Tuesday, with gains of $2.10 to $3.05. Cash trade has yet to get kicked off this week, after strengthening to $228-$230 in the South and $240-241 in the North....

LEZ25 : 220.500s (-0.24%)
LEV25 : 220.325s (-0.19%)
LEQ25 : 223.675s (-0.10%)
GFU25 : 325.425s (-0.13%)
GFQ25 : 325.000s (-0.18%)
GFV25 : 323.675s (-0.09%)
Hogs Closes Mixed on Tuesday

Lean hog futures were mixed on Tuesday, with contracts up 70 to down 50 cents in most nearbys. July expired today. USDA’s national base hog price was reported at $112.60 on Tuesday afternoon, up $3.02...

HEV25 : 90.600s (+2.14%)
HEQ25 : 105.825s (+1.34%)
HEZ25 : 82.325s (+2.33%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 171.067
2nd Resistance Point 169.283
1st Resistance Point 168.392
Last Price 167.500s
1st Support Level 165.717
2nd Support Level 163.933
3rd Support Level 163.042

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52-Week High 167.500
Last Price 167.500s
Fibonacci 61.8% 159.755
Fibonacci 50% 157.363
Fibonacci 38.2% 154.970
52-Week Low 147.225

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