Live Cattle Oct '21 (LEV21)
Live Cattle Futures Market News and Commentary
Live cattle futures slipped back lower on Friday, falling 82 cents to $1.67, as June was down $4.10 this week. Cash trade has mostly been $256-260 so far this week, with southern action $256-258 and northern trade at $258-260. Feeder cattle futures were down $1.87 to $2.65 at the close, with May up $1.05 on the day. August was down $7.95 this week. The CME Feeder Cattle Index was back down $2.54 to $374.83 on May 7. Â
Managed money increased their net long position in live cattle futures and options during the week of 5/5 by 5,374 contracts, taking it to 141,965 contracts. In feeder cattle futures and options, specs added back 1,636 contracts to their net long to 18,725 contracts on Tuesday.
Wholesale Boxed Beef prices were higher in the Friday afternoon report, with the Chc/Sel spread at a $3.38 premium to Choice. Choice boxes were up $1.45 to $388.39, while Select was 59 cents higher at $385.01. USDA estimated federally inspected cattle slaughter for the week at 527,00... Read more
ONE44 Analytics · 5 minutes ago
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
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Lean hog futures were mixed to close the week, with contracts down 75 cents to 67 cents higher across the board. June was $2.65 lower this week. USDA’s...
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Live cattle futures slipped back lower on Friday, falling 82 cents to $1.67, as June was down $4.10 this week. Cash trade has mostly been $256-260 so far...
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