or

Feeder Cattle Mar '24 (GFH24)

247.750s -0.300 (-0.12%) 03/28/24 [CME]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Mar 28th, 2024
Day Low
247.200
Day High
247.775
Open 247.600
Previous Close 248.050 248.050
Volume 361 361
Open Interest 2,152 2,152
Stochastic %K 21.90% 21.90%
Weighted Alpha +9.19 +9.19
5-Day Change -3.125 (-1.25%) -3.125 (-1.25%)
52-Week Range 210.625 - 270.100 210.625 - 270.100
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Feeder Cattle Futures Market News and Commentary

Cattle Post Strength on Friday

Live cattle futures were buying into the Cattle on Feed report on Friday, up 15 to 35 cents in the front months at the close. Feb closed the week up just 7 cents.  Cash trade was slow this week, with sales around $199 in the South and North trade at $199-200, both down $3-4 on the week. Feeder cattle saw gains of 85 cents to $1.17 at the close. March was up $1.60 on the week. The CME Feeder Cattle Index was 2 cents higher on February 20 at $278.84.

Friday’s Cattle on Feed report showed January placements up 1.73% from last year at 1.822 million head, vs. estimates of a 2.2% increase. January marketings were 1.41% higher at 1.869 million head compared to the trades +2.1% estimate. February 1 on feed inventory was down 0.69% at 11.716 million head, with analysts’ expecting a 0.8% reduction.

CFTC data showed specs cutting back another 7,240 contracts from their net long in the week ending on Tuesday at 128,469 contracts. In feeder cattle, managed money was still at a record... 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
03/28/24
Expiration Date
03/28/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Feb 18, 2025

View Chart Details
Commercials - Long / Short
15,852 (-422)
20,867 (+249)
Non-Commercials - Long / Short
34,938 (+931)
18,350 (-78)
Producers - Long / Short
10,524 (-176)
17,190 (+423)
Swap Dealers - Long / Short
3,435 (-9)
1,784 (+63)
Managed Money - Long / Short
32,657 (+1,247)
4,000 (-254)
Other Reportables - Long / Short
2,281 (-316)
14,350 (+176)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
246.525 +0.50%
on 03/14/24
Period Open: 249.600
253.075 -2.10%
on 03/04/24
-1.850 (-0.74%)
since 02/28/24
3-Month
222.725 +11.24%
on 12/29/23
Period Open: 223.125
254.900 -2.81%
on 02/26/24
+24.625 (+11.04%)
since 12/28/23

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Most Recent Stories

More News
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Will Everything Break Next Week?

Hogs Close Mixed on Friday

Lean hogs ended the Friday session with losses in the nearbys by 50 to 85 cents and other contracts higher in some back months. April lost $4.925 on the week. The Friday afternoon national average base...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Post Strength on Friday

Live cattle futures were buying into the Cattle on Feed report on Friday, up 15 to 35 cents in the front months at the close. Feb closed the week up just 7 cents. Cash trade was slow this week, with sales...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
This Week at the Chicago Board of Trade: Your Update on the Commodity Markets!

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Slaughter cuts not helping

Packers made their move to improve profit margins by cutting the slaughter pace in hopes of sustaining current box beef prices.  So far, it hasn't helped.

Cattle on Feed

Cattle on Feed - 2025-02-21

GFH25 : 267.950s (+0.42%)
LEJ25 : 193.950s (+0.08%)
Cattle Higher Ahead of Cattle on Feed Report

Live cattle futures are trading with stronger midday action in Friday, up 50 to 75 cents in the nearbys. Cash trade has been slow this week, with Thursday sales at $199 in the South and North trade at...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Hogs Posting Mixed Midday Trade

Lean hogs are trading on either side of unchanged at midday, with April down a quarter and other contracts up a tick to 70 cents. Friday morning’s USDA’s national average base hog negotiated price...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Look to Round Out Week Ahead of Cattle on Feed Report

Live cattle futures settled the Thursday session with 20 cents to $1 losses. Cash trade has been slower this week, with light action on Thursday at $199 in the South and $315 dressed in the North. Feeder...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Hogs Look to Friday after Weaker Thursday Trade

Lean hogs closed out Thursday lower, as contracts were down $1.17 to $1.37. The USDA’s national average base hog negotiated price was reported at $89.44, down $2.54 from the day prior. The CME Lean Hog...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Hogs Fall Again on Thursday

Lean hogs rounded out Thursday with more pressure, as contracts were down $1.17 to $1.37. The USDA’s national average base hog negotiated price was reported at $89.44, down $2.54 from the day prior....

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Face Pressure on Thursday

Live cattle futures closed out the Thursday session with loses of 20 cents to $1. Cash trade has been slower this week, kicking on with light action at $199 in the South and $315 dressed in the North....

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Poor results from cutting slaughter pace

With great expectations of stabilizing, if not increasing box prices, through dramatic slaughter cuts, the packer has made his move.  These dramatic cuts are believed to have negated the foretelling of...

Livestock Slaughter

Livestock Slaughter - 2025-02-20

YKK25 : 13,020s (-0.04%)
HEJ25 : 87.675s (-0.96%)
GFH25 : 267.950s (+0.42%)
LEJ25 : 193.950s (+0.08%)
Levels to Watch into the Weekend for Grain and Livestock Markets

Grain and livestock markets have presented some great tradable opportunities for participants on both sides of the markets as of late. These are the levels to keep an eye on.

Cattle Falling on Thursday

Live cattle futures are trading with contracts down 62 cent to $1.52 at midday. Cash trade has been slower this week, with bids so far at $198 in the South and $200 in the North. The Thursday morning Central...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Hogs Continuing Slide on Thursday

Lean hogs are trading with another round of weakness, with losses of $1.15 to $1.25. Thursday morning’s national average base hog negotiated price was reported at $89.45 by the USDA, down $3.32 from...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Shift Focus to Thursday Trade

Live cattle futures settled the Wednesday session with 35 to 75 cent gains. Cash trade has been slower this week, with last week’s trade mainly $202-203 in the South and $203 in the North. Wednesday...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Hogs Fall Lower on Wednesday

Lean hog futures were pressured by a weaker cutout on Wednesday with losses of $3.25 to $3.60. Much of that was likely to long liquidation, with preliminary open interest down 9,466 contracts The Wednesday...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Post Mixed Trade on Wednesday

Live cattle futures closed Wednesday with 35 to 75 cent gains at the close. Cash trade has yet to kick off this week, with last week’s trade mainly $202-203 in the South and $203 in the North. The Wednesday...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 248.525
2nd Resistance Point 248.150
1st Resistance Point 247.950
Last Price 247.750s
1st Support Level 247.375
2nd Support Level 247.000
3rd Support Level 246.800

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52-Week High 270.100
Last Price 247.750s
Fibonacci 61.8% 247.381
Fibonacci 50% 240.363
Fibonacci 38.2% 233.344
52-Week Low 210.625

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