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Feeder Cattle Apr '24 (GFJ24)
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Feeder Cattle Futures Market News and Commentary

Cattle Futures to Close the Week and Start the Month

The live cattle market ended the last trade day of the month with 60 to 95 cent losses. Despite that, April was still up by a net $4.65 for the month’s move. Feb cattle expired at $184 flat. Feeder cattle were down by triple digits on the last trade day of the month. April was still $7.57 higher for the month. USDA had Thursday’s cash sales between $181 and $184 citing the bulk of the action near $183. The CME Feeder Cattle Index was 54 cents weaker on 2/28 to $246.26. 

Export Sales data from the week of 2/22 had 12.2k MT of beef sales. That was a 3% drop wk/wk but was up 26% vs the 4-week average. USDA had Japan as the top buyer for the week. Shipments were 15.9k MT, for a yearly total of 117.4k MT (+8% yr/yr). 

USDA’s Boxed Beef prices were stronger on Thursday afternoon as Choice increased by $1.17 and Select was up by $1.24. FI cattle slaughter was 495k head for the week through Thursday, which compares to 472k head last week and 499.5k head during the same week last... Read more

Contract Specifications

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Contract
Feeder Cattle
Contract Size
50,000 pounds
Tick Size
0.00025 per pound ($12.50 per contract)
Trading Hours
8:30a.m. - 1:05p.m. (Settles 1:00p.m.) CST
Exchange
CME
Point Value
$500
Margin/Maintenance
$4,537/4,125
First Notice Date
04/25/24 (55 days)
Expiration Date
04/25/24 (55 days)

Seasonal Chart

Feeder Cattle Apr '24
Average Price Chart for 5 Prior Apr Contracts

Commitment of Traders Positions as of Feb 20, 2024

View Chart Details
Commercials - Long / Short
16,125 (+111)
12,945 (-233)
Non-Commercials - Long / Short
14,867 (+831)
11,131 (+428)
Producers - Long / Short
12,031 (+166)
9,792 (-247)
Swap Dealers - Long / Short
2,329 (-22)
1,388 (+47)
Managed Money - Long / Short
10,976 (+553)
3,578 (-291)
Other Reportables - Long / Short
3,891 (+278)
7,553 (+719)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
247.150 +4.01%
on 02/14/24
260.800 -1.44%
on 02/26/24
+6.525 (+2.60%)
since 02/01/24
3-Month
213.700 +20.29%
on 12/07/23
260.800 -1.44%
on 02/26/24
+35.875 (+16.22%)
since 12/01/23

More Feeder Cattle Quotes

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Most Recent Stories

More News
Hogs Closed Higher on Thursday

The bonus day for the month of Feb finished with the lean hog board 27 to 67 cents stronger. April futures were a net $1.80 higher for the month. USDA’s National Average Base Hog price was $1.02 stronger...

HEJ24 : 87.300 (+0.78%)
HEM24 : 100.925 (+0.72%)
KMJ24 : 93.000 (-0.32%)
Cattle Futures to Close the Week and Start the Month

The live cattle market ended the last trade day of the month with 60 to 95 cent losses. Despite that, April was still up by a net $4.65 for the month’s move. Feb cattle expired at $184 flat. Feeder cattle...

LEJ24 : 186.950 (+0.86%)
LEM24 : 182.775 (+0.86%)
LEQ24 : 181.700 (+0.55%)
GFH24 : 251.850 (+1.14%)
GFJ24 : 256.925 (+1.26%)
Cattle Continued Fading into Month’s End

The live cattle market ended the last trade day of the month with 60 to 95 cent losses. Despite that, April was still up by a net $4.65 for the month’s move. Feb cattle expired at $184 flat. Feeder cattle...

LEJ24 : 186.950 (+0.86%)
LEM24 : 182.775 (+0.86%)
LEQ24 : 181.700 (+0.55%)
GFH24 : 251.850 (+1.14%)
GFJ24 : 256.925 (+1.26%)
Hogs Closed Higher on Thursday

The bonus day for the month of Feb finished with the lean hog board 27 to 67 cents stronger. April futures were a net $1.80 higher for the month. USDA’s National Average Base Hog price was $1.02 stronger...

HEJ24 : 87.300 (+0.78%)
HEM24 : 100.925 (+0.72%)
KMJ24 : 93.000 (-0.32%)
Shootin' the Bull about the agenda

The agenda is strengthening.  The methodical pace of slaughter is pulling box beef higher, as well as carcass weights.

Agricultural Prices

Agricultural Prices - 2024-02-29

ZSK24 : 1144-4 (+0.33%)
ZSPAUS.CM : 10.8382 (+0.64%)
ZSBAUS.CM : -0.6068 (-18.35%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSK24 : 3,534s (+0.11%)
XTK24 : 4,508s (-0.38%)
ZCK24 : 423-2 (-1.46%)
ZCPAUS.CM : 3.9375 (-1.42%)
ZCBAUS.CM : -0.2950 (-80.76%)
XVK24 : 2,456s (-0.08%)
XEU24 : 59.15 (+0.03%)
Hogs Finishing Feb with Gains

The bonus day for the month of Feb has lean hog futures trading 72 to $1.10 higher. April hogs have seen a $9.23 range through the month of February, and are at a net $2.15 gain for the month. USDA’s...

HEJ24 : 87.300 (+0.78%)
HEK24 : 91.400 (+0.74%)
KMJ24 : 93.000 (-0.32%)
Cattle Continue Fading into Month’s End

Nearby cattle futures are down by as much as 55 cents. Feb futures expire at the close, currently $2 under the April contract. April cattle are at a net $5.30 gain for the month’s move. Current feeder...

LEJ24 : 186.950 (+0.86%)
LEM24 : 182.775 (+0.86%)
LEQ24 : 181.700 (+0.55%)
LEY00 : 181.840s (-0.63%)
GFH24 : 251.850 (+1.14%)
GFJ24 : 256.925 (+1.26%)
Feeder Cattle Led the Midweek Pullback

Front month feeder cattle futures were down by $2.72 to $3.85 with losses of as much as 1.5% on the day. Preliminary open interest was up just 263 contracts on Wednesday, suggesting a rotation of ownership,...

LEJ24 : 186.950 (+0.86%)
LEM24 : 182.775 (+0.86%)
LEQ24 : 181.700 (+0.55%)
GFH24 : 251.850 (+1.14%)
GFJ24 : 256.925 (+1.26%)
Hogs Closed Firm on Wednesday

Hog futures were in the black at the close, though by more than $1 under the day’s highs. Futures went home 7 to 35 cents higher across the front months. USDA’s National Average Base Hog price increased...

HEJ24 : 87.300 (+0.78%)
HEM24 : 100.925 (+0.72%)
KMJ24 : 93.000 (-0.32%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 259.183
2nd Resistance Point 257.392
1st Resistance Point 255.558
Last Price 257.000
1st Support Level 251.933
2nd Support Level 250.142
3rd Support Level 248.308

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52-Week High 273.600
Last Price 257.000
Fibonacci 61.8% 250.718
Fibonacci 50% 243.650
Fibonacci 38.2% 236.582
52-Week Low 213.700

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