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Live Cattle Feb '24 (LEG24)
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Live Cattle Futures Market News and Commentary

Cattle Falling Triple Digits

The feeder cattle futures market is down by nearly 2% across the active months. Sep contracts are $1 in the red to $5 losses in the other nearby contracts. Fat cattle are also weaker through Tuesday, with $2 losses of 1.2%. USDA reported limited cash sales for Monday, as last week’s market was mostly $185-$186 in the North and mostly $183 for the South. The CME Feeder Cattle Index was up 83 cents to $254.06 on 9/22. 

Cold Storage data from Monday afternoon showed 421.63 million lbs of beef stocks in the US as of August 31. That was a 17.94% drop vs. last year and up 2.72% from last month’s revised total.

USDA’s Wholesale Boxed Beef prices from Monday afternoon were mixed with a $1.85 drop in Choice and a 2 cent increase for Select. USDA estimates Monday’s FI cattle slaughter at 127k head. That was 6k more than last week, and was up 4k from the same week last year. 

Oct 23 Cattle  are at $185.300, down $1.675,

Dec 23 Cattle  are at $189.025, down $2.200,

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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
$2,035/1,850
First Notice Date
02/05/24 (132 days)
Expiration Date
02/29/24 (156 days)

Seasonal Chart

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

Commitment of Traders Positions as of Sep 19, 2023

View Chart Details
Commercials - Long / Short
94,078 (+745)
177,402 (+6,070)
Non-Commercials - Long / Short
153,471 (+9,088)
53,990 (+2,151)
Producers - Long / Short
33,110 (-3,288)
170,874 (+4,512)
Swap Dealers - Long / Short
56,440 (+2,345)
2,000 (-130)
Managed Money - Long / Short
119,259 (+5,301)
16,887 (+2,621)
Other Reportables - Long / Short
34,212 (+3,787)
37,103 (-470)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
187.475 +2.97%
on 08/31/23
196.600 -1.81%
on 09/19/23
+3.850 (+2.03%)
since 08/25/23
3-Month
182.700 +5.67%
on 06/27/23
196.600 -1.81%
on 09/19/23
+10.425 (+5.71%)
since 06/26/23
52-Week
160.825 +20.04%
on 09/29/22
196.600 -1.81%
on 09/19/23
+30.875 (+19.04%)
since 09/26/22

More Live Cattle Quotes

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Most Recent Stories

More News
Hog Futures Red at Midday

Aside from the October contract’s 5c gain, front month hogs are trading 17 to 50 cents in the red for a turnaround Tuesday. USDA’s National Average Base Hog price was a nickel weaker to $77.54. The...

HEV23 : 81.625s (+0.12%)
HEZ23 : 72.350s (-0.24%)
KMV23 : 92.150 (-0.65%)
Cattle Falling Triple Digits

The feeder cattle futures market is down by nearly 2% across the active months. Sep contracts are $1 in the red to $5 losses in the other nearby contracts. Fat cattle are also weaker through Tuesday, with...

LEV23 : 184.800s (-1.16%)
LEZ23 : 188.475s (-1.44%)
LEG24 : 193.050s (-1.45%)
LEY00 : 183.000s (unch)
GFU23 : 252.600s (-0.50%)
GFV23 : 253.875s (-1.91%)
What Does McDonald's Tell Us About the Economy?

Can we get a read on the economy based on the Big Mac? Oddly enough, there is more than one theory that tells us that is indeed the case.

KO : 56.48 (-0.91%)
LEV23 : 184.800s (-1.16%)
MCD : 267.05 (-1.01%)
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Soybeans test and defend major 4-star support in yesterday's trade, taking prices back to our pivot pocket from 1300-1304. These are the next upside targets to keep an eye on

Cattle Closed Mixed on Monday

Cattle went home with mixed results following the Cattle on Feed report. The ’23 contracts were down by 10 to 12 cents, while the ’24 contracts closed up by as much as 35 cents. The feeders were 22...

LEV23 : 184.800s (-1.16%)
LEZ23 : 188.475s (-1.44%)
LEG24 : 193.050s (-1.45%)
GFU23 : 252.600s (-0.50%)
GFV23 : 253.875s (-1.91%)
Hogs Rebounded Out of the Weekend

After the hard drop to end last week, Monday’s hog trade ended off the highs but was still up 35 to 75 cents on the day. USDA’s National Average Base Hog price was a nickel weaker to $77.54. The CME...

HEV23 : 81.625s (+0.12%)
HEG24 : 75.750s (-0.46%)
KMV23 : 92.150 (-0.65%)
Cattle Closed Mixed on Monday

Cattle went home mixed on the first trade day of the week. The ’23 contracts were down by 10 to 12 cents, while the ’24 contracts closed up by as much as 35 cents. The feeders were 22 to 82 cents weaker...

LEV23 : 184.800s (-1.16%)
LEZ23 : 188.475s (-1.44%)
LEG24 : 193.050s (-1.45%)
GFU23 : 252.600s (-0.50%)
GFV23 : 253.875s (-1.91%)
Hogs Rebounded Out of the Weekend

After the hard drop to end last week, Monday’s hog trade ended off the highs but still up 35 to 75 cents on the day. USDA’s National Average Base Hog price was a nickel weaker to $77.54. The CME Lean...

HEV23 : 81.625s (+0.12%)
HEG24 : 75.750s (-0.46%)
KMV23 : 92.150 (-0.65%)
Hogs rebound

Hogs make low and bounce in lackluster trade

Cold Storage

Cold Storage - 2023-09-25

FCX23 : 256.875s (-2.22%)
GFX23 : 256.875s (-2.22%)
LCZ23 : 188.475s (-1.44%)
LEZ23 : 188.475s (-1.44%)
LHZ23 : 72.350s (-0.24%)
HEZ23 : 72.350s (-0.24%)
YKX23 : 16,625s (-1.31%)
BDU23 : 273.0000 (+0.50%)
OJX23 : 349.40s (+2.95%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 197.958
2nd Resistance Point 196.967
1st Resistance Point 195.008
Last Price 193.050s
1st Support Level 192.058
2nd Support Level 191.067
3rd Support Level 189.108

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52-Week High 196.600
Last Price 193.050s
Fibonacci 61.8% 182.934
Fibonacci 50% 178.712
Fibonacci 38.2% 174.491
52-Week Low 160.825

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