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Feeder Cattle Pit Nov '23 (FCX23)

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Feeder Cattle (Pit) Futures Market News and Commentary

Cattle Head into the Weekend Mixed

Live cattle futures held gains of 22 cents to $1.52 in the front months on Friday, with deferreds 17 to 25 cents lower. February was up $5.85 on the week spurred by the cash strength. Cash action was at $191-192 trade in the South this week, with trade up to $195-196 in the North. There were no deliveries issued against December live cattle again on Friday. Feeder cattle posted losses of 60 to 90 cents on the session. January was up $1.82 since last Friday. The CME Feeder Cattle Index was up $1.61 from the day prior at $262.59 on December 12. 

The weekly CFTC Commitment of Traders report showed a total of 3,908 contracts added to the large managed money net long position as of 12/10, taking the position to 126,308 contracts. In feeder cattle, they added 1,012 contracts to their net long at 19,866 contracts by Tuesday.

USDA wholesale Boxed Beef prices were higher in the Friday afternoon report. Choice boxes were up $1.15 to $316.39/cwt, with Select $3.38 higher @ $283.86.... Read more

Contract Specifications

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Contract
Feeder Cattle [Pit]
Contract Size
50,000 pounds
Tick Size
0.00025 per pound ($12.50 per contract)
Trading Hours
8:30a.m. - 1:02p.m. CST
Exchange
CME
Point Value
$500
Expiration Date
11/17/23 (expired)

Seasonal Chart

Feeder Cattle Pit Nov '23
Average Price Chart for 5 Prior Pit Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
228.640 unch
on 11/17/23
249.725 -8.44%
on 10/18/23
-21.810 (-8.71%)
since 10/17/23
3-Month
228.640 unch
on 11/17/23
268.125 -14.73%
on 09/15/23
-21.560 (-8.62%)
since 08/17/23
52-Week
203.100 +12.58%
on 11/29/22
268.125 -14.73%
on 09/15/23
+23.290 (+11.34%)
since 11/17/22

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Most Recent Stories

More News
Hogs and Cattle End the Week on a High Note

Hogs bounce back on improving cash markets, cattle settles at a new all-time high for the lead contract

Hog Bulls Gain Back Ground on Friday

Lean hog futures rallied to close out the week, with contracts up 97 cents to $1.35 and Dec rolling off the board up 17 cents. February was up just 47 cents this week. The national average base hog negotiated...

HEG25 : 85.600s (+1.33%)
HEJ25 : 89.750s (+1.47%)
HEK25 : 93.125s (+1.36%)
Cattle Head into the Weekend Mixed

Live cattle futures held gains of 22 cents to $1.52 in the front months on Friday, with deferreds 17 to 25 cents lower. February was up $5.85 on the week spurred by the cash strength. Cash action was at...

LEJ25 : 193.000s (+0.43%)
LEZ24 : 193.650s (+0.79%)
LEG25 : 192.025s (+0.62%)
GFF25 : 257.650s (-0.27%)
GFH25 : 257.675s (-0.35%)
GFJ25 : 258.525s (-0.27%)
Pure Hedge - Livestock and Grain

Sell them when you can, Sell them now, Sell them often.

Shootin' the Bull about margins/no margins

As prices move higher, it will ration the number of producers that can assume the greater financial risks, as well as continue to promote alternative factors of beef production.  That is what rationing...

Hogs Rally Back on Friday

Lean hog futures are fighting back on Friday with contracts up $1.15 to $1.40 as Dec rolls off the board today. The national average base hog negotiated price was reported at $78.36 on Friday morning,...

HEG25 : 85.600s (+1.33%)
HEJ25 : 89.750s (+1.47%)
HEK25 : 93.125s (+1.36%)
Live Cattle Higher, Feeders Head Lower

Live cattle futures are holding higher with gains of 37 to 87 cents. Cash action has seen $191-192 trade in the South this week, with action up to $195-196 in the North. There were no deliveries issued...

LEJ25 : 193.000s (+0.43%)
LEZ24 : 193.650s (+0.79%)
LEG25 : 192.025s (+0.62%)
GFF25 : 257.650s (-0.27%)
GFH25 : 257.675s (-0.35%)
GFJ25 : 258.525s (-0.27%)
Hogs Sneak Out Thursday Gains

Lean hog futures settled with 5 to 20 cent gains on Thursday. The national average base hog negotiated price was reported at $79.02 on Thursday afternoon, which was down $2.37 from the day prior. The CME...

HEG25 : 85.600s (+1.33%)
HEJ25 : 89.750s (+1.47%)
HEK25 : 93.125s (+1.36%)
Cattle Retreat on Thursday

Live cattle futures reverted lower on Thursday with contracts down 12 cents to $1.22 at the close. Early cash action has seen $191 trade reported in KS this week, with action up to $195-196 in NE reported...

LEJ25 : 193.000s (+0.43%)
LEZ24 : 193.650s (+0.79%)
LEG25 : 192.025s (+0.62%)
GFF25 : 257.650s (-0.27%)
GFH25 : 257.675s (-0.35%)
GFJ25 : 258.525s (-0.27%)
Cattle Makes New High Then Falls Back

Cattle Makes new all-time high for the lead contract then breaks down

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 228.640
2nd Resistance Point 228.640
1st Resistance Point 228.640
Last Price 228.640s
1st Support Level 228.640
2nd Support Level 228.640
3rd Support Level 228.640

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52-Week High 268.125
Fibonacci 61.8% 243.285
Fibonacci 50% 235.613
Last Price 228.640s
Fibonacci 38.2% 227.940
52-Week Low 203.100

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