Live Cattle Feb '26 (LEG26)
Live Cattle Futures Market News and Commentary
Live cattle futures closed with Monday session with contracts 72 cents to $2.17 higher across the board, though most contracts were nearly $2 off the intraday highs. Open interest suggested new buying, up 1,134 contracts. Cash trade was slow last week, sales creeping up to $258-260 across the country. Feeder cattle futures were $2.77 to $4.35 lower at the close. OI rose 2,067 contracts, implying new buying interest. The CME Feeder Cattle Index was up $1.88 on June 19 to $370.56.Â
The weekly NASS Crop Progress report showed the US pasture rating at 33% gd/ex, up 1% from the week prior. The Brugler500 index was up 6 points to 286.
Managed money was adding back 15,347 contracts to their net long position in the week that ended on June 16, taking it to 124,349 contracts in live cattle futures and options. CFTC data showed specs in feeder cattle futures and options adding just 2,203 contracts to their net long to 13,123 contracts by Tuesday.Â
USDA Cattle on Feed data fr... Read more
Barchart · Tue Jun 23, 7:33AM CDT
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Live cattle futures closed with Monday session with contracts 72 cents to $2.17 higher across the board, though most contracts were nearly $2 off the intraday...
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