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Live Cattle Feb '24 (LEG24)

184.000s -0.650 (-0.35%) 02/29/24 [CME]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Feb 29th, 2024
Day Low
182.025
Day High
184.800
Open 184.400
Previous Close 184.650 184.650
Volume 109 109
Open Interest 105 105
Stochastic %K 66.67% 66.67%
Weighted Alpha +6.60 +6.60
5-Day Change +0.500 (+0.27%) +0.500 (+0.27%)
52-Week Range 162.400 - 196.600 162.400 - 196.600
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Live Cattle Futures Market News and Commentary

Cattle Rally to Close Out the Week

Live cattle futures found some strength on Friday with higher cash movement, as contracts were up $2.30 to $3. August was up $8.15 this week. Cash trade picked up to $228-$230 on Friday, in the South, up $4-5. Northern Action was $240, $8-10 higher wk/wk. Feeder cattle posted Friday gains of $4 to $4.20, with August up $15.82 this week. The CME Feeder Cattle Index was up $1.53 to $323.37 on July 10.

Managed money trimmed their large net long position in live cattle futures and options by 1,039 contracts to a total of 128,423 contracts as of July 8th. In feeder cattle, spec traders continued to add to their record net long position, at 37,493 contracts as of Tuesday, An increase of 3,607 contracts on the week

The monthly WASDE update showed a 170 million lb drop for expected 2025 beef production on a smaller quarter 2 through quarter 4 production, leaving the full year estimate at 26.188 billion lbs. Production for 2026 was projected up 540 million lbs from last month to... 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
02/05/24
Expiration Date
02/29/24 (expired)

Seasonal Chart

Live Cattle Feb '24
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
177.000 +3.95%
on 01/30/24
Period Open: 177.375
186.375 -1.27%
on 02/27/24
+6.625 (+3.74%)
since 01/29/24
3-Month
162.400 +13.30%
on 12/07/23
Period Open: 173.475
186.375 -1.27%
on 02/27/24
+10.525 (+6.07%)
since 11/29/23
52-Week
162.400 +13.30%
on 12/07/23
Period Open: 170.600
196.600 -6.41%
on 09/19/23
+13.400 (+7.85%)
since 02/28/23

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Most Recent Stories

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Cattle Rally to Close Out the Week

Live cattle futures found some strength on Friday with higher cash movement, as contracts were up $2.30 to $3. August was up $8.15 this week. Cash trade picked up to $228-$230 on Friday, in the South,...

LEZ25 : 219.575s (+1.07%)
LEV25 : 219.700s (+1.21%)
LEQ25 : 222.200s (+1.36%)
GFU25 : 325.400s (+1.30%)
GFQ25 : 325.325s (+1.26%)
GFV25 : 323.200s (+1.28%)
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Hogs Easing Lower into the Weekend

Lean hog futures closed out Friday with losses of 50 cents to $1.65, as August was down $1.42 this week. USDA’s national base hog price was reported at $106.59 on Friday afternoon, dropping $5.74 from...

HEQ25 : 104.675s (-1.46%)
HEN25 : 106.725s (-0.49%)
HEV25 : 90.650s (-1.76%)
Hogs Break Down While the Cattle Markets Surge

Cattle makes new all-time high for the lead contract

WALSH PURE SPREADER - Pure Hedge Division

AUG-NOV SOYBEAN SPREAD (ZSQ25-ZSX25)

Shootin' the Bull about Protectionism vs. Free trade

In my opinion, we are in the midst of discovering to what extent some will go in the attempt to maintain, or gain in market share.

Grains Slide Lower Despite Friendly WASDE Report

Corn got the friendly report that many were hoping to see, however the market shrugged it off and made new contract lows. Weather continues to limit upside movement as conditions remain mostly favorable...

Hogs Easing Lower into the Weekend

Lean hog futures are trading with 30 to 65 cent losses on Friday’s midday. USDA’s national base hog price was reported at $106.04 on Friday morning, dropping $6.71 from the day prior. The CME Lean...

HEQ25 : 104.675s (-1.46%)
HEN25 : 106.725s (-0.49%)
HEV25 : 90.650s (-1.76%)
Cattle Posting Gains to Round Out the Week

Live cattle futures are putting their rally pants back on, with contracts up 2 to $2.75 at midday. Cash trade has been limited this week, with some light $225 Southern action reported early and bids on...

LEZ25 : 219.575s (+1.07%)
LEV25 : 219.700s (+1.21%)
LEQ25 : 222.200s (+1.36%)
GFU25 : 325.400s (+1.30%)
GFQ25 : 325.325s (+1.26%)
GFV25 : 323.200s (+1.28%)
Cattle Look to Round Out Week After Retreating on Thursday

Live cattle futures failed to hold into the early gains on Thursday, with beef pressure pushing things 5 to 55 cents lower into the close. Preliminary open interest was up 2,711 contracts. Cash trade saw...

LEZ25 : 219.575s (+1.07%)
LEV25 : 219.700s (+1.21%)
LEQ25 : 222.200s (+1.36%)
GFU25 : 325.400s (+1.30%)
GFQ25 : 325.325s (+1.26%)
GFV25 : 323.200s (+1.28%)
Hogs Look to Friday After Weaker Thursday Trade

Lean hog futures closed Thursday with losses of $1 to $1.50. Preliminary open interest was up 2,304 contracts on Thursday. USDA’s national base hog price was reported at $112.43 on Thursday morning,...

HEQ25 : 104.675s (-1.46%)
HEN25 : 106.725s (-0.49%)
HEV25 : 90.650s (-1.76%)
Grains & Livestock, Opposite Directions, but Adhering to the Same ONE44 Fibonacci Rules and Guidelines.

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

ZCZ25 : 412-2s (-1.02%)
HEQ25 : 104.675s (-1.46%)
ZSU25 : 995-0s (-0.72%)
LEQ25 : 222.200s (+1.36%)
ZWU25 : 545-0s (-1.71%)
Pure Hedge - Livestock and Grain

Fats and Feeders Make New Highs and Break - WASDE Report Tomorrow

Cattle Pull Off Highs to Close Mixed on Thursday

Live cattle futures failed to hold into the early gains on Thursday, with beef pressure pushing things 5 to 55 cents lower into the close. Cash trade saw very light $225 Southern action reported early...

LEZ25 : 219.575s (+1.07%)
LEV25 : 219.700s (+1.21%)
LEQ25 : 222.200s (+1.36%)
GFU25 : 325.400s (+1.30%)
GFQ25 : 325.325s (+1.26%)
GFV25 : 323.200s (+1.28%)
Hogs Retreat Lower on Thursday

Lean hog futures closed the Thursday session with losses of $1 to $1.50. USDA’s national base hog price was reported at $112.43 on Thursday morning, up 53 cents from the day prior. The CME Lean Hog Index...

HEQ25 : 104.675s (-1.46%)
HEN25 : 106.725s (-0.49%)
HEV25 : 90.650s (-1.76%)
Chart of the Day - October Live Cattle

New contract highs today! Can they be sustained?

Shootin' the Bull about market share

Fierce competition between cattle feeders has expanded levels of risk to new widths.

Cattle Fall From Highs as Traders Reject Thursday Rally

Live cattle futures are falling $1.40 to $1.70 at midday. Cash trade saw very light $225 Southern action reported on Tuesday. Bids are showing up at $223-227 so far on Thursday in the South. The Thursday...

LEZ25 : 219.575s (+1.07%)
LEV25 : 219.700s (+1.21%)
LEQ25 : 222.200s (+1.36%)
GFU25 : 325.400s (+1.30%)
GFQ25 : 325.325s (+1.26%)
GFV25 : 323.200s (+1.28%)
Hogs Falling on Thursday Trade

Lean hog futures are trading with losses of $1 to $1.30 at midday. Preliminary open interest was down 2,085 contracts on Wednesday. USDA’s national base hog price was reported at $112.75 on Thursday...

HEQ25 : 104.675s (-1.46%)
HEN25 : 106.725s (-0.49%)
HEV25 : 90.650s (-1.76%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 187.967
2nd Resistance Point 186.383
1st Resistance Point 185.192
Last Price 184.000s
1st Support Level 182.417
2nd Support Level 180.833
3rd Support Level 179.642

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52-Week High 196.600
Last Price 184.000s
Fibonacci 61.8% 183.536
Fibonacci 50% 179.500
Fibonacci 38.2% 175.464
52-Week Low 162.400

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