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Live Cattle Jun '24 (LEM24)

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Live Cattle Futures Market News and Commentary

Cattle Feeling Anemic with Beef Slipping Lower

Live cattle felt weaker on Thursday, as contracts were down 45 to 90 cents across the board on the day.  Cash trade has been slow to develop this week, with the Central Stockyards Fed Cattle Exchange selling 374 of the 1,890 head for an average of $185. Feeders ended the session with contracts 60 cents to $1.55 lower. The CME Feeder Cattle index was down another 8 cents on May 7 to $240.38.

Export Sales data showed just 12,337 MT of beef was sold in the week ending on 5/2, dropping to a 7-week low. Export shipments were tallied at 16,241 MT, a 3-week high.

USDA’s Wholesale Boxed Beef prices were lower in the Thursday PM report. Choice boxes were down $1.28 at $295.39, with Select $2.49 lower to $285.76. That raised the Chc/Sel spread to $9.63. USDA estimated federally inspected cattle slaughter on Thursday at 122,000 head, taking the weekly total to 489,000 head. That is 9,000 head above last week but down 16,363 head from the same week last year.

Jun 24 Live Cattl... 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 (31 days)
Expiration Date
06/28/24 (49 days)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 30, 2024

View Chart Details
Commercials - Long / Short
97,729 (+1,053)
135,817 (-710)
Non-Commercials - Long / Short
99,665 (+44)
55,862 (+3,794)
Producers - Long / Short
38,941 (+678)
128,952 (-2,470)
Swap Dealers - Long / Short
55,373 (-359)
3,450 (+1,026)
Managed Money - Long / Short
63,376 (-577)
23,903 (+63)
Other Reportables - Long / Short
36,289 (+621)
31,959 (+3,731)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
170.250 +3.35%
on 04/12/24
179.650 -2.06%
on 04/26/24
+1.100 (+0.63%)
since 04/09/24
3-Month
170.250 +3.35%
on 04/12/24
186.625 -5.72%
on 03/14/24
-8.025 (-4.36%)
since 02/09/24
52-Week
162.750 +8.11%
on 12/06/23
194.025 -9.32%
on 09/15/23
+3.200 (+1.85%)
since 05/09/23

More Live Cattle Quotes

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Most Recent Stories

More News
Hogs Pressured Lower on Thursday

Lean hogs fell 55 cents to $1.40 across the board on Thursday. USDA’s National Average Base Hog negotiated price was down $2.44 in the Thursday afternoon report at $89.35. The CME Lean Hog Index was...

HEK24 : 91.975s (-0.59%)
HEM24 : 97.725s (-1.01%)
HEN24 : 101.050s (-1.37%)
Cattle Feeling Anemic with Beef Slipping Lower

Live cattle felt weaker on Thursday, as contracts were down 45 to 90 cents across the board on the day. Cash trade has been slow to develop this week, with the Central Stockyards Fed Cattle Exchange selling...

LEM24 : 175.950s (-0.30%)
LEQ24 : 173.725s (-0.29%)
LEV24 : 177.000s (-0.25%)
GFK24 : 238.650s (-0.65%)
GFQ24 : 251.050s (-0.53%)
GFU24 : 252.075s (-0.52%)
Shootin' the Bull about definitive moves in feeders

A definitive move in the feeder cattle futures today is believed to have set the stage for further declines.  On the mid day cattle commentary, I noted a close above $255.22, or under $251.75 August,...

Hogs Soft on Thursday

Lean hogs are posting midday weakness on Thursday, as contracts are down 52 to 92 cents. USDA’s National Average Base Hog negotiated price was down $3.62 in the Thursday morning report at $88.96. The...

HEK24 : 91.975s (-0.59%)
HEM24 : 97.725s (-1.01%)
HEN24 : 101.050s (-1.37%)
Cattle Feeling Weakness Again on Thursday

Live cattle are slipping lower at midday, with contracts mostly a tik to 52 cents lower. Cash trade has been slow to develop this week, with the Central Stockyards Fed Cattle Exchange selling 374 of the...

LEM24 : 175.950s (-0.30%)
LEQ24 : 173.725s (-0.29%)
LEV24 : 177.000s (-0.25%)
GFK24 : 238.650s (-0.65%)
GFQ24 : 251.050s (-0.53%)
GFU24 : 252.075s (-0.52%)
Hogs Look to Thursday Trade

Lean hogs bounced back and forth on Wednesday, with contracts slipping off the midday pop, but still closing mixed. Contracts were anywhere from a dime lower to 50 cents higher. USDA’s National Average...

HEK24 : 91.975s (-0.59%)
HEM24 : 97.725s (-1.01%)
HEN24 : 101.050s (-1.37%)
Cattle Focus on Thursday Following Weaker Boxed Beef Prices

Live cattle closed the Wednesday session with contracts down 95 cents to $1.57 across the CME. Cash trade has yet to develop this week, with the Central Stockyards Fed Cattle Exchange having no sales on...

LEM24 : 175.950s (-0.30%)
LEQ24 : 173.725s (-0.29%)
LEV24 : 177.000s (-0.25%)
GFK24 : 238.650s (-0.65%)
GFQ24 : 251.050s (-0.53%)
GFU24 : 252.075s (-0.52%)
Hogs Close Wednesday on a Mixed Note

Lean hogs bounced back and forth on Wednesday, with contracts slipping off the midday pop, but still closing mixed. Contracts were anywhere from a dime lower to 50 cents higher. USDA’s National Average...

HEK24 : 91.975s (-0.59%)
HEM24 : 97.725s (-1.01%)
HEN24 : 101.050s (-1.37%)
Cattle Pulls Back With Weaker Boxed Beef Prices

Live cattle closed the Wednesday session with contracts down 95 cents to $1.57 across the CME. Cash trade has yet to develop this week, with the Central Stockyards Fed Cattle Exchange having no sales on...

LEM24 : 175.950s (-0.30%)
LEQ24 : 173.725s (-0.29%)
LEV24 : 177.000s (-0.25%)
GFK24 : 238.650s (-0.65%)
GFQ24 : 251.050s (-0.53%)
GFU24 : 252.075s (-0.52%)
Shootin' the Bull about warning signs

Nearly half the year is over with and the triangulation of prices continues.  This is expected to continue as packers appear reluctant to increase slaughter that would reduce their margins. More companies...

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 180.050
2nd Resistance Point 179.000
1st Resistance Point 177.475
Last Price 175.950s
1st Support Level 174.900
2nd Support Level 173.850
3rd Support Level 172.325

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52-Week High 194.025
Fibonacci 61.8% 182.078
Fibonacci 50% 178.387
Last Price 175.950s
Fibonacci 38.2% 174.697
52-Week Low 162.750

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