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Live Cattle Jun '23 (LEM23)
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Live Cattle Futures Market News and Commentary

Cattle Futures Rally to Start the Week

Live cattle futures bulls got back to work after the holiday with triple digit gains of as much as $2. That led to new contract highs and had the June contract within $6 of where April expired. Feeders closed the session nearly $1 off the daily highs, but were still up $3.37 to $3.85 at the close. USDA had the cash market unestablished through Tuesday. Last week’s bulk was near $171 in the South and $180-182 in the North. USDA reported 9.6k head of feeders were sold in the OKC feeder cattle auction review. Prices were $4-$10 stronger. The CME Feeder Cattle Index was $207.61 on 5/29, down 1 penny.  

USDA’s Wholesale Boxed Beef report had Choice up $1.03 to $304.96, and Select up $2.85 to $287.77. USDA estimated The week’s FI cattle slaughter at 128k head through Tuesday, down 2,000 head from the same week last year. 

Jun 23 Cattle  closed at $168.875, up $1.525,

Aug 23 Cattle  closed at $167.175, up $2.000,

Oct 23 Cattle  closed at $171.325, up $1.725,

A... 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
$1,760/1,600
First Notice Date
06/05/23 (5 days)
Expiration Date
06/30/23 (30 days)

Seasonal Chart

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

Commitment of Traders Positions as of May 23, 2023

View Chart Details
Commercials - Long / Short
89,344 (+2,268)
179,235 (-197)
Non-Commercials - Long / Short
151,178 (+5,470)
49,531 (+5,939)
Producers - Long / Short
33,786 (+3,201)
172,482 (+164)
Swap Dealers - Long / Short
51,763 (-370)
2,958 (+202)
Managed Money - Long / Short
116,639 (+3,804)
15,599 (+1,801)
Other Reportables - Long / Short
34,539 (+1,666)
33,932 (+4,138)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
161.200 +4.68%
on 05/03/23
169.000 -0.15%
on 05/30/23
+3.275 (+1.98%)
since 04/28/23
3-Month
154.375 +9.31%
on 03/22/23
169.000 -0.15%
on 05/30/23
+7.400 (+4.59%)
since 02/28/23
52-Week
146.350 +15.31%
on 05/31/22
169.000 -0.15%
on 05/30/23
+20.975 (+14.19%)
since 05/27/22

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Most Recent Stories

More News
The 2023 Grilling Season Begins

May’s final weekend ushers in the summer, and Memorial Day Weekend starts the annual grilling season. The demand for beef, pork, and animal proteins peaks during the summer, and prices often reach highs....

LEQ23 : 167.225 (+0.03%)
FCQ23 : 237.775s (+1.65%)
HEQ23 : 81.800 (+3.81%)
GFQ23 : 238.850 (+0.45%)
COW : 38.28 (+1.15%)
Hogs Trading with $7 Expanded Limits Today

Front month lean hog futures closed with the limit $4.75 gains in the first 3 months. The back months also rallied at least 4% into the new week. The market will trade within the $7 expanded limit on Wednesday....

HEM23 : 82.225 (+1.73%)
HEQ23 : 81.800 (+3.81%)
KMM23 : 85.250 (+1.43%)
Cattle Futures Rally to Start the Week

Live cattle futures bulls got back to work after the holiday with triple digit gains of as much as $2. That led to new contract highs and had the June contract within $6 of where April expired. Feeders...

LEM23 : 168.725 (-0.09%)
LEQ23 : 167.225 (+0.03%)
LEV23 : 171.575 (+0.15%)
GFQ23 : 238.850 (+0.45%)
GFU23 : 241.875 (+0.50%)
Limit Gains from Hog Market

Front month lean hog futures closed with the limit $4.75 gains in the first 3 months. The back months also rallied at least 4% into the new week. The market will trade within the $7 expanded limit on Wednesday....

HEM23 : 82.225 (+1.73%)
HEQ23 : 81.800 (+3.81%)
KMM23 : 85.250 (+1.43%)
Cattle Futures Rally to Start the Week

After the 3-day weekend, live cattle futures closed the first trade day of the week with triple digit gains of as much as $2. That led to new contract highs and had the June contract to within $6 of where...

LEM23 : 168.725 (-0.09%)
LEQ23 : 167.225 (+0.03%)
LEV23 : 171.575 (+0.15%)
GFQ23 : 238.850 (+0.45%)
GFU23 : 241.875 (+0.50%)
Grains: The Market Giveth and The Market Taketh

Grain futures had a strong rally last week but were unable to find any follow-through in today's trade.

Hogs Limit Up through Midday

Hog prices are locked limit higher in the July and August contract with $3.27 to $4.65 gains in the other nearbys, following 6 consecutive red days. End of month asset allocation protocol would suggest...

HEM23 : 82.225 (+1.73%)
HEQ23 : 81.800 (+3.81%)
KMM23 : 85.250 (+1.43%)
Triple Digit Rallies for Cattle Market

Feeder cattle futures are leading the rally with 1.6% to 1.8% gains at midday. The fats are also $0.95 to $1.67 higher at midday. USDA called the bulk price for last week $171 in the South, $180-182 in...

LEM23 : 168.725 (-0.09%)
LEQ23 : 167.225 (+0.03%)
LEV23 : 171.575 (+0.15%)
LEY00 : 170.850s (unch)
GFQ23 : 238.850 (+0.45%)
GFU23 : 241.875 (+0.50%)
Hogs Set More New LoC Lows on Friday

Hog futures ended Friday with more triple digit losses to new life-of-contract lows. June settled the session 2% in the red for a net weekly drop of $6.95. June is also at a $15.62 loss so far for the...

Cattle Continued to New LoC Highs LW

The cattle futures market was mixed on Friday with fats making new contract highs and the feeders fading into the holiday weekend on rising feed costs. Live cattle futures settled up by 5 to 57 cents on...

LEM23 : 168.725 (-0.09%)
LEQ23 : 167.225 (+0.03%)
LEV23 : 171.575 (+0.15%)
GFQ23 : 238.850 (+0.45%)
GFU23 : 241.875 (+0.50%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 170.917
2nd Resistance Point 169.958
1st Resistance Point 169.417
Last Price 168.750
1st Support Level 167.917
2nd Support Level 166.958
3rd Support Level 166.417

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52-Week High 169.000
Last Price 168.750
Fibonacci 61.8% 160.348
Fibonacci 50% 157.675
Fibonacci 38.2% 155.002
52-Week Low 146.350

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