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Live Cattle Dec '25 (LEZ25)

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Live Cattle Futures Market News and Commentary

Cattle Hit Hard by Bears on Thursday

Live cattle futures are trading sharply lower at midday on Thursday, with a number of contract months down $3 per cwt or more.  They posted $1.30 to $2.82 losses on Wednesday. Open interest was down 3,922 contracts, suggesting additional long liquidation. Cash trade started to pick up, with a few light northern sales of $378-380 dressed and live action reported at $235-240 by USDA. Feeder cattle futures were mostly down 47 cents to $2.80 on Wednesday, with August settling in the plus column. They are trading more than $5 lower at midday today after the USTR exempted Brazilian beef from a new 25% tariff proposal. Open interest was down 1,499 contracts across the board. The CME Feeder Cattle Index was down $1.25 on July 14 to $369.07.

Export Sales data from USDA showed beef sales for 2026 at 7,973 MT for the week ending on 7/9. That was the 4th lowest total for the calendar year. Shipments were tallied at 10,354 MT, which was a calendar year low. 

Wholesale Boxed Beef pric... 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
$3,520/3,200
First Notice Date
12/08/25
Expiration Date
12/31/25 (expired)

Seasonal Chart

Live Cattle Dec '25
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Jul 7, 2026

View Chart Details
Commercials - Long / Short
96,239 (+2,891)
167,132 (-3,723)
Non-Commercials - Long / Short
138,662 (-4,979)
56,994 (+1,214)
Producers - Long / Short
28,426 (+1,784)
157,831 (-3,660)
Swap Dealers - Long / Short
65,567 (+251)
7,055 (-919)
Managed Money - Long / Short
124,854 (-3,759)
9,946 (+773)
Other Reportables - Long / Short
13,808 (-1,220)
47,048 (+441)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
213.150 +8.84%
on 12/01/25
233.700 -0.73%
on 12/31/25
+16.425 (+7.62%)
since 11/28/25
3-Month
204.550 +13.42%
on 11/25/25
248.300 -6.56%
on 10/16/25
-2.775 (-1.18%)
since 09/30/25
52-Week
188.850 +22.85%
on 03/04/25
248.300 -6.56%
on 10/16/25
+42.325 (+22.31%)
since 12/30/24

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Most Recent Stories

More News
Shootin' the Bull about beef

There is a lot to say, but not much of what anyone wants to hear.

Cattle Hit Hard by Bears on Thursday

Live cattle futures are trading sharply lower at midday on Thursday, with a number of contract months down $3 per cwt or more. They posted $1.30 to $2.82 losses on Wednesday. Open interest was down 3,922...

LEZ26 : 223.200s (-1.04%)
LEV26 : 223.275s (-1.21%)
LEQ26 : 227.075s (-1.33%)
GFU26 : 340.350s (-1.17%)
GFQ26 : 346.600s (-0.96%)
GFV26 : 334.450s (-1.30%)
Hog Bulls Look for Follow-Up as Pork Firms, Mostly Higher at Midday

Lean hog futures are mostly higher at midday on Thursday, with nearby August down a nickel as this is writer. Other contracts are up 47 to 87 cents. Lean hog futures posted gains of $1.05 to $2.35 across...

HEV26 : 86.925s (+0.23%)
HEQ26 : 100.275s (-0.05%)
HEZ26 : 77.950s (+0.74%)
Hog Bulls Look for Follow-Up on Wednesday Gains as Pork Firms

Lean hog futures posted gains of $1.05 to $2.35 across most contracts on Wednesday, with July up 7 cents on expiration. USDA’s national base hog price was reported at $100.66 on Wednesday afternoon,...

HEV26 : 86.925s (+0.23%)
HEQ26 : 100.275s (-0.05%)
HEZ26 : 77.950s (+0.74%)
Cattle Look to Thursday Trade, Following Weaker Beef and Cash Trade

Live cattle futures closed with $1.30 to $2.82 losses on Wednesday. Open interest was down 3,922 contracts, suggesting length was continuing to come out. Cash trade started to pick up this week, with a...

LEZ26 : 223.200s (-1.04%)
LEV26 : 223.275s (-1.21%)
LEQ26 : 227.075s (-1.33%)
GFU26 : 340.350s (-1.17%)
GFQ26 : 346.600s (-0.96%)
GFV26 : 334.450s (-1.30%)
Hogs Rally on Wednesday

Lean hog futures posted gains of $1.05 to $2.35 across most contracts on Wednesday, with July up 7 cents on expiration. USDA’s national base hog price was reported at $100.66 on Wednesday afternoon,...

HEV26 : 86.925s (+0.23%)
HEQ26 : 100.275s (-0.05%)
HEZ26 : 77.950s (+0.74%)
Cattle Continue Weakness on Wednesday as Beef Fails to Find Its Footing

Live cattle futures closed with $1.30 to $2.82 losses on Wednesday. Cash trade started to pick up this week, with a few light northern sales of $378-380 dressed and live action reported at $235-240 by...

LEZ26 : 223.200s (-1.04%)
LEV26 : 223.275s (-1.21%)
LEQ26 : 227.075s (-1.33%)
GFU26 : 340.350s (-1.17%)
GFQ26 : 346.600s (-0.96%)
GFV26 : 334.450s (-1.30%)
Wheat futures SKYROCKET, pulling corn and beans higher in Wednesday's trade!

Wheat did the heavy lifting today, finishing 5% higher for the day. Corn and soybeans tagged along, cattle got hit hard, but lean hog futures made new highs for the move! What's in store going forward?...

Shootin' the Bull about turning corners

The price erosion has created an exceptionally wide positive basis, leaving producers with the aspect of "damned if you do and damned if you don't."

Cattle Extends Losses to Wednesday

Live cattle futures are down another $1.30 to $1.90 at midday, to extend the losses. Cash trade has yet to get kicked off this week, with a few light northern sales of $378-380 dressed, $10-15 lower. Live...

LEZ26 : 223.200s (-1.04%)
LEV26 : 223.275s (-1.21%)
LEQ26 : 227.075s (-1.33%)
GFU26 : 340.350s (-1.17%)
GFQ26 : 346.600s (-0.96%)
GFV26 : 334.450s (-1.30%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 235.767
2nd Resistance Point 234.733
1st Resistance Point 233.367
Last Price 232.000s
1st Support Level 230.967
2nd Support Level 229.933
3rd Support Level 228.567

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52-Week High 248.300
Last Price 232.000s
Fibonacci 61.8% 225.590
Fibonacci 50% 218.575
Fibonacci 38.2% 211.560
52-Week Low 188.850

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