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Feeder Cattle May '24 (GFK24)

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Feeder Cattle Futures Market News and Commentary

Cattle Fading on Wednesday with Weaker Beef Print

Live cattle are fading the Tuesday gains with contracts down $1 to $1.50. Cash trade has yet to develop this week, with the Central Stockyards Fed Cattle Exchange having no sales on the 1,890 head listed. Bids were running $184, with $185-186 asks. Feeders are down $1.95 to $2.40 on the session. The CME Feeder Cattle index was down another 52 cents on May 6 to $239.53.

Wholesale Boxed Beef prices were reported lower in the this morning’s USDA print report. Choice boxes were down $1.79 at $293.70, with Select $3.46 lower to $288.88. That raised the Chc/Sel spread to $7.82. USDA estimated Tuesday’s federally inspected cattle slaughter at 124,000 head, taking the weekly total to 244,000 head. That is 7,000 head above last week and down 9,442 head from the same week last year.

Jun 24 Live Cattle  are at $176.500, down $1.125,

Aug 24 Live Cattle  are at $174.200, down $1.325,

Oct 24 Live Cattle  are at $177.400, down $1.525,

May 24 Feeder Cattle  are at $239... 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
05/23/24 (15 days)
Expiration Date
05/23/24 (15 days)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 30, 2024

View Chart Details
Commercials - Long / Short
15,406 (+488)
10,355 (+913)
Non-Commercials - Long / Short
13,357 (-519)
13,662 (-294)
Producers - Long / Short
11,450 (+611)
8,780 (+1,001)
Swap Dealers - Long / Short
2,697 (-82)
316 (-47)
Managed Money - Long / Short
9,752 (-202)
5,123 (-30)
Other Reportables - Long / Short
3,605 (-317)
8,539 (-264)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
232.625 +3.29%
on 04/12/24
249.700 -3.77%
on 04/29/24
+3.100 (+1.31%)
since 04/08/24
3-Month
232.625 +3.29%
on 04/12/24
263.125 -8.68%
on 02/27/24
-16.025 (-6.25%)
since 02/08/24

More Feeder Cattle Quotes

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Most Recent Stories

More News
Hogs Put Together Midday Rally on Wednesday

Lean hogs were weaker to start the midweek session, but are posting midday gains of 7 to 75 cents. USDA’s National Average Base Hog negotiated price was back down $1.60 in the Wednesday AM report at...

HEK24 : 92.800 (+0.30%)
HEM24 : 99.300 (+0.99%)
HEN24 : 102.975 (+0.46%)
Cattle Fading on Wednesday with Weaker Beef Print

Live cattle are fading the Tuesday gains with contracts down $1 to $1.50. Cash trade has yet to develop this week, with the Central Stockyards Fed Cattle Exchange having no sales on the 1,890 head listed....

LEM24 : 176.675 (-0.53%)
LEQ24 : 174.300 (-0.70%)
LEV24 : 177.500 (-0.80%)
GFK24 : 240.300 (-0.76%)
GFQ24 : 252.500 (-0.76%)
GFU24 : 253.475 (-0.77%)
Hogs Switch Focus to Wednesday Following Weaker Cutout

Lean hogs were firmer on Tuesday, as contracts were up 15 to 62 cents. USDA’s National Average Base Hog negotiated price was up 84 cents in the Tuesday afternoon report at $93.25. The CME Lean Hog Index...

HEK24 : 92.800 (+0.30%)
HEM24 : 99.300 (+0.99%)
HEN24 : 102.975 (+0.46%)
Cattle Look to Wednesday Trade

Live cattle closed the Turnaround Tuesday session with most contracts 65 cents to $1.27 higher. Cash trade has yet to develop this week, as sales of $184 were reported in the South last week and a few...

LEM24 : 176.675 (-0.53%)
LEQ24 : 174.300 (-0.70%)
LEV24 : 177.500 (-0.80%)
GFK24 : 240.300 (-0.76%)
GFQ24 : 252.500 (-0.76%)
GFU24 : 253.475 (-0.77%)
Soybeans Have Two Key Reasons To Rally, Updated

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

ZSN24 : 1227-6 (-1.50%)
Cattle in Rally Mode on Tuesday

Live cattle closed the Turnaround Tuesday session with most contracts 65 cents to $1.27 higher. Cash trade has yet to develop this week, as sales of $184 were reported in the South last week and a few...

LEM24 : 176.675 (-0.53%)
LEQ24 : 174.300 (-0.70%)
LEV24 : 177.500 (-0.80%)
GFK24 : 240.300 (-0.76%)
GFQ24 : 252.500 (-0.76%)
GFU24 : 253.475 (-0.77%)
Hogs Higher Across the Board

Lean hogs posted Tuesday strength, as contracts were up 15 to 62 cents on the session. USDA’s National Average Base Hog negotiated price was up 84 cents in the Tuesday afternoon report at $93.25. The...

HEK24 : 92.800 (+0.30%)
HEM24 : 99.300 (+0.99%)
HEN24 : 102.975 (+0.46%)
Shootin' the Bull about cattle feeders bidding lower

Feeder cattle prices are too high, and the cattle feeder says so.  With only the cattle feeder in need of an 850# steer, and there being no computer generated trading to influence their decision, it seems...

Hogs Firmer on Tuesday

Lean hogs are trading steady to 60 cents higher across most contracts on Tuesday’s midday. USDA’s National Average Base Hog negotiated price was up $1.77 from the Monday afternoon report at $94.18...

HEK24 : 92.800 (+0.30%)
HEM24 : 99.300 (+0.99%)
HEN24 : 102.975 (+0.46%)
Cattle Rallying on Tuesday

Live cattle are up $1.15 to $1.80 across most contracts on Turnaround Tuesday. Cash trade has yet to develop this week, as sales of $184 were reported in the South last week and a few trades in the North...

LEM24 : 176.675 (-0.53%)
LEQ24 : 174.300 (-0.70%)
LEV24 : 177.500 (-0.80%)
GFK24 : 240.300 (-0.76%)
GFQ24 : 252.500 (-0.76%)
GFU24 : 253.475 (-0.77%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 245.917
2nd Resistance Point 244.833
1st Resistance Point 243.492
Last Price 240.300
1st Support Level 241.067
2nd Support Level 239.983
3rd Support Level 238.642

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52-Week High 276.125
Fibonacci 61.8% 253.415
Fibonacci 50% 246.400
Last Price 240.300
Fibonacci 38.2% 239.385
52-Week Low 216.675

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