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Feeder Cattle Aug '24 (GFQ24)

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Feeder Cattle Futures Market News and Commentary

Cattle Extends Slide on Tuesday

Live cattle closed out the Tuesday session with contracts fading off another $2.17 to $2.72 as April rolled off the board. Cash trade has yet to develop this week, with last weeks was $182-183 in the South, steady to $1 higher. Northern trade was reported at $184-186, steady to $2 higher on the week, with a few trickling in a $187. Feeders were in near freefall mode on Tuesday, as contracts were down $3.45 to $4.32. The CME Feeder Cattle index was back down 18 cents on April 29 to $247.00. 

USDA’s Wholesale Boxed Beef prices were lower in the Tuesday PM report. Choice boxes were down $3.19 at $294.37, with Select up 26 cents at $289.95. That tightened the Chc/Sel spread to $4.42. USDA estimated Tuesday’s federally inspected cattle slaughter at 124,000 head, taking the weekly total to 237,000 head. That is 1,000 head below last week and down 12,396 head from the same week last year.

Apr 24 Live Cattle  closed at $185.000, down $0.400,

Jun 24 Live Cattle  closed at $... Read more

Contract Specifications

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Contract
Feeder Cattle
Contract Size
50,000 pounds
Tick Size
0.00025 per pound ($12.50 per contract)
Trading Hours
8:30a.m. - 1:05p.m. (Settles 1:00p.m.) CST
Exchange
CME
Point Value
$500
Margin/Maintenance
$4,537/4,125
First Notice Date
08/29/24 (120 days)
Expiration Date
08/29/24 (120 days)

Seasonal Chart

Feeder Cattle Aug '24
Average Price Chart for 5 Prior Aug Contracts

Commitment of Traders Positions as of Apr 23, 2024

View Chart Details
Commercials - Long / Short
14,918 (-696)
9,442 (-386)
Non-Commercials - Long / Short
13,876 (+120)
13,956 (-1,220)
Producers - Long / Short
10,839 (-522)
7,779 (-314)
Swap Dealers - Long / Short
2,779 (-112)
363 (-10)
Managed Money - Long / Short
9,954 (-514)
5,153 (-1,134)
Other Reportables - Long / Short
3,922 (+634)
8,803 (-86)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
243.275 +5.03%
on 04/12/24
261.800 -2.41%
on 04/29/24
-3.325 (-1.28%)
since 03/28/24
3-Month
243.275 +5.03%
on 04/12/24
272.200 -6.14%
on 02/08/24
-11.375 (-4.26%)
since 01/30/24

More Feeder Cattle Quotes

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Most Recent Stories

More News
Hogs Mixed Around at the Tuesday Close

Lean hogs closed out the Tuesday session with contracts anywhere from 45 cents lower to 62 cents and the summer months the weakest. USDA’s National Average Base Hog negotiated price was up $2.40 from...

HEK24 : 94.150s (+0.13%)
HEM24 : 102.475s (unch)
HEN24 : 105.425s (-0.02%)
Cattle Extends Slide on Tuesday

Live cattle closed out the Tuesday session with contracts fading off another $2.17 to $2.72 as April rolled off the board. Cash trade has yet to develop this week, with last weeks was $182-183 in the South,...

LEM24 : 174.975s (-1.23%)
LEQ24 : 173.100s (-1.47%)
LEV24 : 177.050s (-1.52%)
GFK24 : 244.575s (-1.39%)
GFQ24 : 255.500s (-1.59%)
GFU24 : 256.475s (-1.63%)
Agricultural Prices

Agricultural Prices - 2024-04-30

ZSN24 : 1157-6 (-0.45%)
ZSPAUS.CM : 11.0072 (-1.13%)
ZSBAUS.CM : -0.4477 (+5.73%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSU24 : 3,949s (+0.23%)
XTN24 : 4,661s (+0.43%)
ZCN24 : 445-6 (-0.22%)
ZCPAUS.CM : 4.2699 (+0.41%)
ZCBAUS.CM : -0.1251 (+10.71%)
XVN24 : 2,386s (-0.04%)
XEU24 : 59.56 (-0.02%)
Cattle Extending Slide on Tuesday

Cattle futures are down $2.52 to $3 on Tuesday, as expiring April is up 40 cents. Cash trade has yet to develop this week, with last weeks was $182-183 in the South, steady to $1 higher. Northern trade...

LEM24 : 174.975s (-1.23%)
LEQ24 : 173.100s (-1.47%)
LEV24 : 177.050s (-1.52%)
GFK24 : 244.575s (-1.39%)
GFQ24 : 255.500s (-1.59%)
GFU24 : 256.475s (-1.63%)
Hogs Posting Tuesday Weakness

Lean hogs are showing 17 to 50 cent losses so far on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.09 from the Monday PM report on Tuesday morning at $90.72. The CME Lean Hog Index...

HEK24 : 94.150s (+0.13%)
HEM24 : 102.475s (unch)
HEN24 : 105.425s (-0.02%)
Hogs Shift Focus to Tuesday Trade

Lean hogs were mixed as the trade ended on Monday, with front months steady to 50 cents lower and back months down 22 to 47 cents. USDA’s National Average Base Hog negotiated price was down 75 cents...

HEK24 : 94.150s (+0.13%)
HEM24 : 102.475s (unch)
HEN24 : 105.425s (-0.02%)
Cattle Look to Rebound Following Monday’s Losses

Cattle futures were mostly down 30 cents to $1.42 on Monday with April up 72 cents ahead of expiration today. Cash trade last week was $182-183 in the South, steady to $1 higher. Northern trade was reported...

LEM24 : 174.975s (-1.23%)
LEQ24 : 173.100s (-1.47%)
LEV24 : 177.050s (-1.52%)
GFK24 : 244.575s (-1.39%)
GFQ24 : 255.500s (-1.59%)
GFU24 : 256.475s (-1.63%)
Cattle Pull Back on More H5N1 News

Cattle futures were down 30 cents to $1.42 on Monday with April up 72 cents ahead of tomorrow’s expiration. Cash trade last week was 182-183 in the South, steady to $1 higher. Northern trade was reported...

LEM24 : 174.975s (-1.23%)
LEQ24 : 173.100s (-1.47%)
LEV24 : 177.050s (-1.52%)
GFK24 : 244.575s (-1.39%)
GFQ24 : 255.500s (-1.59%)
GFU24 : 256.475s (-1.63%)
Hogs Close Monday Mixed

Lean hogs were mixed as the trade commenced on Monday, with front months up steady to 50 cents lower and back months down 22 to 47 cents. USDA’s National Average Base Hog negotiated price was down 75...

HEK24 : 94.150s (+0.13%)
HEM24 : 102.475s (unch)
HEN24 : 105.425s (-0.02%)
Shootin' the Bull about not much of anything

Not much transpired today.  Traders just don't seem to be willing to produce premium on futures contract for the industry to dump cattle on them.  With beef production down 2.6% year over year, there...

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 263.058
2nd Resistance Point 261.117
1st Resistance Point 258.308
Last Price 255.500s
1st Support Level 253.558
2nd Support Level 251.617
3rd Support Level 248.808

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52-Week High 282.925
Fibonacci 61.8% 262.517
Fibonacci 50% 256.212
Last Price 255.500s
Fibonacci 38.2% 249.908
52-Week Low 229.500

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