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Live Cattle Jun '24 (LEM24)

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Live Cattle Futures Market News and Commentary

Cattle Fall on Wednesday

Live cattle futures slipped lower on Wednesday, with losses of a dime to 67 cents.  June cattle are in deliveries, but none have been served, with the oldest long in line dated November 7, 2023. Cash trade activity so far has mostly consisted of collecting show lists, with a few bids at $185 reported in KS. The Central Stockyards Fed Cattle Exchange had a few sales reported this morning, with $186 on the hoof in TX, and a few more $188-188.50 in TX using their BidTheGrid™ method.

Feeder cattle futures were down 7 to 50 cents across the board to close out Wednesday. The CME Feeder Cattle Index was up 35 cents on June 11 at $253.74. 

The 2024 projected beef production was trimmed by just 5 million lbs to 26.595 billion in this month’s WASDE. That was mainly due to a larger second half production offsetting a cut in Q2. Projected production for 2025 was raised by 145 million lbs on the month to 25.365 billion.

USDA’s Wholesale Boxed Beef prices were lower in the Wedne... 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
$2,695/2,450
First Notice Date
06/10/24
Expiration Date
06/28/24 (15 days)

Seasonal Chart

Live Cattle Jun '24
Average Price Chart for 5 Prior Jun Contracts

Commitment of Traders Positions as of Jun 4, 2024

View Chart Details
Commercials - Long / Short
97,046 (+1,094)
142,932 (-2,762)
Non-Commercials - Long / Short
115,314 (-4,042)
61,181 (+2,680)
Producers - Long / Short
42,860 (+2,371)
135,919 (-2,421)
Swap Dealers - Long / Short
51,012 (-1,254)
3,839 (-318)
Managed Money - Long / Short
77,875 (-3,269)
21,233 (+1,851)
Other Reportables - Long / Short
37,439 (-773)
39,948 (+829)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
174.925 +4.99%
on 05/13/24
184.675 -0.56%
on 05/23/24
+7.500 (+4.26%)
since 05/10/24
3-Month
170.250 +7.87%
on 04/12/24
186.625 -1.59%
on 03/14/24
-0.300 (-0.16%)
since 03/12/24
52-Week
162.750 +12.84%
on 12/06/23
194.025 -5.35%
on 09/15/23
+3.200 (+1.77%)
since 06/12/23

More Live Cattle Quotes

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Most Recent Stories

More News
Cattle Fall on Wednesday

Live cattle futures slipped lower on Wednesday, with losses of a dime to 67 cents. June cattle are in deliveries, but none have been served, with the oldest long in line dated November 7, 2023. Cash trade...

LEM24 : 183.650s (-0.05%)
LEQ24 : 178.325s (-0.34%)
LEV24 : 181.050s (-0.37%)
GFQ24 : 257.575s (-0.03%)
GFU24 : 258.475s (-0.08%)
GFV24 : 258.850s (-0.14%)
Hogs Post Rebound on Wednesday

Lean hog futures closed the Wednesday trading session with gains of 7 cents to $1.42. The CME Lean Hog Index was down 20 cents at $91.32 on June 10. USDA showed the National Base Hog weighted average...

HEM24 : 92.025s (+0.08%)
HEN24 : 93.700s (+1.54%)
HEQ24 : 89.950s (+0.95%)
Corn Edges Higher Following Today's WASDE Report, More Room to Run Into the End of the Quarter?

Grains were mixed following today's WASDE report, what's are traders focusing in on going forward? Livestock futures struggled recently, but is there more upside potential?

Pure Hedge - Livestock and Grain

WASDE Today and CONAB's Tomorrow

Shootin' the Bull about futures traders

Forget all of that, the backgrounder has lost the futures trader, at least for the time being.  While open interest is down, it is the continual contraction of price that is converging basis, giving only...

Broiler Hatchery

Broiler Hatchery - 2024-06-12

Z8Y00 : 116.50s (unch)
WDU24 : 4,019s (+0.22%)
Hogs Shooting Higher on Wednesday

Lean hog futures are rallying with June unch ahead of Friday’ expiration, and other contracts up $1.20 to $1.70. The CME Lean Hog Index was down 20 cents at $91.32 on June 10. USDA showed the National...

HEM24 : 92.025s (+0.08%)
HEN24 : 93.700s (+1.54%)
HEQ24 : 89.950s (+0.95%)
Cattle Looking at Marginally Mixed Trade at Midday

Live cattle futures are trading mixed, with June up a dime and other contracts slightly lower. June cattle are in deliveries but none have been served, with the oldest long in line dated November 7,...

LEM24 : 183.650s (-0.05%)
LEQ24 : 178.325s (-0.34%)
LEV24 : 181.050s (-0.37%)
GFQ24 : 257.575s (-0.03%)
GFU24 : 258.475s (-0.08%)
GFV24 : 258.850s (-0.14%)
WASDE

WASDE - 2024-06-12

ZSN24 : 1172-4 (-0.40%)
ZSPAUS.CM : 11.2047 (-0.03%)
ZSBAUS.CM : -0.5677 (+0.65%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSU24 : 4,004s (-0.69%)
XTN24 : 4,649s (+0.04%)
ZCN24 : 455-6 (+0.33%)
ZCPAUS.CM : 4.3857 (+1.37%)
ZCBAUS.CM : -0.1568 (+6.89%)
XVU24 : 2,490s (+0.04%)
XEU24 : 62.63 (-0.38%)
Will Tuesday’s Pullback in Livestock Markets Setup for a Buying Opportunity?

Cattle futures came out of the gate strong on Monday but failed to find any follow-through in Tuesday’s trade. Outside markets are seeing a risk on trade following a cooler CPI report. Will that act...

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 185.250
2nd Resistance Point 184.750
1st Resistance Point 184.200
Last Price 183.650s
1st Support Level 183.150
2nd Support Level 182.650
3rd Support Level 182.100

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52-Week High 194.025
Last Price 183.650s
Fibonacci 61.8% 182.078
Fibonacci 50% 178.387
Fibonacci 38.2% 174.697
52-Week Low 162.750

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