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Live Cattle Jun '24 (LEM24)
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Live Cattle Futures Market News and Commentary

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 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
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
$2,695/2,450
First Notice Date
06/10/24 (102 days)
Expiration Date
06/28/24 (120 days)

Seasonal Chart

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

Commitment of Traders Positions as of Feb 20, 2024

View Chart Details
Commercials - Long / Short
106,523 (-1,500)
163,649 (+6,638)
Non-Commercials - Long / Short
106,475 (+8,836)
44,595 (+550)
Producers - Long / Short
51,753 (-1,346)
159,731 (+6,448)
Swap Dealers - Long / Short
53,064 (-131)
2,212 (+213)
Managed Money - Long / Short
74,414 (+8,971)
20,211 (+1,406)
Other Reportables - Long / Short
32,061 (-135)
24,384 (-856)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
177.800 +1.93%
on 01/30/24
184.825 -1.95%
on 02/27/24
+2.750 (+1.54%)
since 01/29/24
3-Month
162.750 +11.35%
on 12/06/23
184.825 -1.95%
on 02/27/24
+9.675 (+5.64%)
since 11/29/23
52-Week
162.750 +11.35%
on 12/06/23
194.025 -6.60%
on 09/15/23
+13.550 (+8.08%)
since 02/28/23

More Live Cattle Quotes

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Most Recent Stories

More News
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...

LEG24 : 184.000s (-0.35%)
LEJ24 : 185.350s (-0.42%)
LEM24 : 181.225s (-0.52%)
GFH24 : 249.000s (-0.24%)
GFJ24 : 253.725s (-0.54%)
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 : 86.625s (+0.73%)
HEM24 : 100.200s (+0.65%)
KMJ24 : 93.300s (unch)
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 : 1142-6 (+0.18%)
ZSPAUS.CM : 10.7698 (-0.75%)
ZSBAUS.CM : -0.5127 (-4.80%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSK24 : 3,534s (+0.11%)
XTK24 : 4,508s (-0.38%)
ZCK24 : 429-0 (unch)
ZCPAUS.CM : 3.9942 (+0.63%)
ZCBAUS.CM : -0.1632 (+0.06%)
XVK24 : 2,456s (-0.08%)
XEU24 : 59.21 (+0.14%)
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 : 86.625s (+0.73%)
HEK24 : 90.725s (+0.30%)
KMJ24 : 93.300s (unch)
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...

LEG24 : 184.000s (-0.35%)
LEJ24 : 185.350s (-0.42%)
LEM24 : 181.225s (-0.52%)
LEY00 : 181.840s (-0.63%)
GFH24 : 249.000s (-0.24%)
GFJ24 : 253.725s (-0.54%)
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,...

LEG24 : 184.000s (-0.35%)
LEJ24 : 185.350s (-0.42%)
LEM24 : 181.225s (-0.52%)
GFH24 : 249.000s (-0.24%)
GFJ24 : 253.725s (-0.54%)
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 : 86.625s (+0.73%)
HEM24 : 100.200s (+0.65%)
KMJ24 : 93.300s (unch)
April Hogs, What To Look For From A 78.6% Fibonacci Retracement.

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

HEJ24 : 86.625s (+0.73%)
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 : 86.625s (+0.73%)
HEM24 : 100.200s (+0.65%)
KMJ24 : 93.300s (unch)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 183.692
2nd Resistance Point 182.958
1st Resistance Point 182.092
Last Price 181.225s
1st Support Level 180.492
2nd Support Level 179.758
3rd Support Level 178.892

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52-Week High 194.025
Fibonacci 61.8% 182.078
Last Price 181.225s
Fibonacci 50% 178.387
Fibonacci 38.2% 174.697
52-Week Low 162.750

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