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Live Cattle Feb '24 (LEG24)

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Live Cattle Futures Market News and Commentary

Cattle Pull Off Lows on Friday, Still Close with Weakness

Live cattle futures closed Friday seeing some strength off the lows but closing down 22 to 87 cents. April was down $1.82 this week. Cash trade has picked up this week, with $248 sales across the country, higher in the south but $1 weaker in the North. The Friday Fed Cattle Exchange online auction showed sales on 571 of the 1,222 head at $248. Feeder cattle futures were $1.57 to $2.85 lower across the board on Friday, with April $2.82 lower this week. The CME Feeder Cattle Index was down $1.42 to $377.67 on April 16. 

USDA broke ground on a sterile fly facility in Edinburg, TX, with the 100 million fly/week plant expected to open in November 2027. 

USDA’s Cattle on Feed report from Friday showed March Placements down 7.67% from a year ago at 1.709 million head, coming close to estimates. Marketings were 5.5% lower vs. last year at 1.62 million head. April 1 on feed came in close to estimates at 11.576 million head, down 0.53% from a year ago. The inventory for heifers on... 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
$3,630/3,300
First Notice Date
02/05/24
Expiration Date
02/29/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 14, 2026

View Chart Details
Commercials - Long / Short
97,746 (-327)
188,870 (+3,021)
Non-Commercials - Long / Short
157,577 (+3,106)
51,989 (+1,534)
Producers - Long / Short
31,109 (-798)
182,631 (+3,434)
Swap Dealers - Long / Short
65,610 (+661)
5,212 (-223)
Managed Money - Long / Short
143,233 (+3,076)
10,394 (-347)
Other Reportables - Long / Short
14,344 (+30)
41,595 (+1,881)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
177.000 +3.95%
on 01/30/24
186.375 -1.27%
on 02/27/24
+6.625 (+3.74%)
since 01/29/24
3-Month
162.400 +13.30%
on 12/07/23
186.375 -1.27%
on 02/27/24
+10.525 (+6.07%)
since 11/29/23
52-Week
162.400 +13.30%
on 12/07/23
196.600 -6.41%
on 09/19/23
+13.400 (+7.85%)
since 02/28/23

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Most Recent Stories

More News
Peace in the Middle East, at least for now

Bullish bias in Cattle-on-Feed report

Cattle Pull Off Lows on Friday, Still Close with Weakness

Live cattle futures closed Friday seeing some strength off the lows but closing down 22 to 87 cents. April was down $1.82 this week. Cash trade has picked up this week, with $248 sales across the country,...

LEQ26 : 242.825s (-0.10%)
LEM26 : 247.350s (-0.11%)
LEJ26 : 249.950s (-0.14%)
GFK26 : 365.275s (-0.50%)
GFJ26 : 371.325s (-0.47%)
GFQ26 : 365.675s (-0.77%)
Hogs Face Weakness on Friday

Lean hog futures closed Friday with contracts down a tick to 67 cents, as June was down $2.67 this week. USDA’s national base hog price was reported at $90.28 on Friday afternoon, up 12 cents from the...

HEM26 : 101.050s (-0.61%)
HEK26 : 93.400s (-0.69%)
HEN26 : 103.675s (-0.65%)
Cattle Markets Trade Lower in Front of the Cattle on Feed Report

Cattle Markets Crash and recover in front of the Cattle on Feed report

Shootin' the Bull about Equilibrium

In my opinion, the cattle market is believed moving into equilibrium.  Rationing has caused significant shifts in domestic production and processing.

Cattle on Feed

Cattle on Feed - 2026-04-17

GFQ26 : 365.675s (-0.77%)
LEM26 : 247.350s (-0.11%)
Hogs Falling Back on Friday

Lean hog futures are trading with contracts 45 to 85 cents lower on Friday. USDA’s national base hog price was reported at $90.76 on Friday morning. The CME Lean Hog Index was up 6 cents on April 15...

HEM26 : 101.050s (-0.61%)
HEK26 : 93.400s (-0.69%)
HEN26 : 103.675s (-0.65%)
Cattle Falling Ahead of Cattle on Feed Report

Live cattle futures are posting $1.45 to $1.65 losses on Friday. Cash trade has picked up this week, with $248 sales across the country. The Friday morning Fed Cattle Exchange online auction showed no...

LEQ26 : 242.825s (-0.10%)
LEM26 : 247.350s (-0.11%)
LEJ26 : 249.950s (-0.14%)
GFK26 : 365.275s (-0.50%)
GFJ26 : 371.325s (-0.47%)
GFQ26 : 365.675s (-0.77%)
Cattle Traders Look to Square Up Ahead of Cattle on Feed Report

Live cattle futures closed the Thursday with contracts down $1.67 to $3.45. There were 3 deliveries for April retendered in Dodge City on Thursday, with another 20 deliveries tendered in West Point. Open...

LEQ26 : 242.825s (-0.10%)
LEM26 : 247.350s (-0.11%)
LEJ26 : 249.950s (-0.14%)
GFK26 : 365.275s (-0.50%)
GFJ26 : 371.325s (-0.47%)
GFQ26 : 365.675s (-0.77%)
Hogs Look to Round Out Week of Weakness

Lean hog futures were mostly lower on Thursday, with contracts down anywhere from a tick to 67 cents. Open interest was down 1,538 contracts on Thursday. USDA’s national base hog price was reported at...

HEM26 : 101.050s (-0.61%)
HEK26 : 93.400s (-0.69%)
HEN26 : 103.675s (-0.65%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 187.967
2nd Resistance Point 186.383
1st Resistance Point 185.192
Last Price 184.000s
1st Support Level 182.417
2nd Support Level 180.833
3rd Support Level 179.642

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52-Week High 196.600
Last Price 184.000s
Fibonacci 61.8% 183.536
Fibonacci 50% 179.500
Fibonacci 38.2% 175.464
52-Week Low 162.400

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