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Live Cattle Pit Dec '24 (LCZ24)

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Live Cattle (Pit) Futures Market News and Commentary

Cattle Rally Back on Tuesday

Live cattle futures posted gains of 55 cents to $1.15 on the Tuesday session. Cash trade was reported last week with $188-190 sales in the South and $190-192 in the North. Early action this week has been mostly compiling showlists.

Feeder cattle were up 95 cents to $2.45 across the board as the Tuesday session came to a close. The CME Feeder Cattle Index was back up $2.25 from the day prior at $259.38 on December 2. The weekly OKC feeder cattle auction showed an estimated 10,398 head listed in Monday’s sale, which is up from last week but down from the same week last year. Sales were listed at stead to $2-3 higher for feeders with 700-800 calves $5-10 higher. Calves were reported $5-10 higher and $15 in some cases.

USDA wholesale Boxed Beef prices were lower in the Tuesday PM report. Choice boxes were down $2.18 to $310.83/cwt, with Select $1.67 lower @ $275.33. The Chc/Sel spread narrowed to $35.50. USDA estimated the Tuesday federally inspected cattle slaughter at 125,... Read more

Contract Specifications

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Contract
Live Cattle [Pit]
Contract Size
40,000 pounds
Tick Size
0.00025 per pound ($10.00 per contract)
Trading Hours
8:30a.m. - 1:02p.m. CST
Exchange
CME
Point Value
$400
Expiration Date
12/31/24 (27 days)

Seasonal Chart

Live Cattle Pit Dec '24
Average Price Chart for 5 Prior Pit Contracts
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Price Performance

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Period Period Low Period High Performance
1-Month
187.350 unch
on 03/25/24
191.125 -1.98%
on 03/19/24
-1.850 (-0.98%)
since 02/23/24
3-Month
180.200 +3.97%
on 12/28/23
191.125 -1.98%
on 03/19/24
+7.800 (+4.34%)
since 12/22/23

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Most Recent Stories

More News
Cattle Rally Back on Tuesday

Live cattle futures posted gains of 55 cents to $1.15 on the Tuesday session. Cash trade was reported last week with $188-190 sales in the South and $190-192 in the North. Early action this week has been...

LEJ25 : 190.650 (-0.26%)
LEZ24 : 188.575 (+0.05%)
LEG25 : 188.575 (-0.26%)
GFF25 : 257.825 (-0.57%)
GFH25 : 256.250 (-0.40%)
GFJ25 : 257.175 (-0.37%)
Hogs Mixed on Tuesday

Lean hog futures rounded out the Tuesday session with contracts withing 17 cents of unchanged. The national average base hog negotiated price was reported at $86.89 on Tuesday afternoon, up $2.92 from...

HEZ24 : 82.800 (-0.54%)
HEG25 : 86.625 (-1.39%)
HEJ25 : 91.150 (-1.27%)
Cattle Revert to Higher Tuesday Trade

Live cattle futures posted gains of 55 cents to $1.15 on the Tuesday session. Cash trade was reported last week with $188-190 sales in the South and $190-192 in the North. Early action this week has been...

LEJ25 : 190.650 (-0.26%)
LEZ24 : 188.575 (+0.05%)
LEG25 : 188.575 (-0.26%)
GFF25 : 257.825 (-0.57%)
GFH25 : 256.250 (-0.40%)
GFJ25 : 257.175 (-0.37%)
Hogs Close Mixed on Tuesday

Lean hog futures rounded out the Tuesday session with contracts withing 17 cents of unchanged. The national average base hog negotiated price was reported at $86.89 on Tuesday afternoon, up $2.92 from...

HEZ24 : 82.800 (-0.54%)
HEG25 : 86.625 (-1.39%)
HEJ25 : 91.150 (-1.27%)
Shootin' the Bull on a little bit of everything

It appears that some are anxious to own even higher priced cattle, but seemingly those who do are not placing them on feed, but further backgrounding them as the lighter weights were either not available...

Hogs Showing Marginal Midday Gains

Lean hog futures are trading with 15 to 35 cent gains so far on Tuesday. The national average base hog negotiated price was reported at $86.57 on Tuesday morning. The CME Lean Hog Index was reported at...

HEZ24 : 82.800 (-0.54%)
HEG25 : 86.625 (-1.39%)
HEJ25 : 91.150 (-1.27%)
Cattle Reverting Back Higher on Tuesday

Live cattle futures are trading through Tuesday’s midday with gains of $1 to $1.45. Cash trade was reported last week with $188-190 sales in the South and $190-192 in the North. Early action this week...

LEJ25 : 190.650 (-0.26%)
LEZ24 : 188.575 (+0.05%)
LEG25 : 188.575 (-0.26%)
GFF25 : 257.825 (-0.57%)
GFH25 : 256.250 (-0.40%)
GFJ25 : 257.175 (-0.37%)
Livestock Markets Were Mixed to Start the Week

Cattle were lower and lean hogs higher to start the new month of trade. Will we see volatility pick up into the end of the year?

Hogs See Monday Rally as Specs Expand Record Net Long

Lean hog futures closed out the Monday session with deferreds steady to up $1.72 in the nearbys. The national average base hog negotiated price was reported at $83.97 on Monday afternoon, up 18 cents from...

HEZ24 : 82.800 (-0.54%)
HEG25 : 86.625 (-1.39%)
HEJ25 : 91.150 (-1.27%)
Cattle Post Weaker Monday Trade

Live cattle futures settled the start of the week with Monday losses of 17 to 75 cents. Cash trade was reported last week with $188-190 sales in the South and $190-192 in the North. Early action this week...

LEJ25 : 190.650 (-0.26%)
LEZ24 : 188.575 (+0.05%)
LEG25 : 188.575 (-0.26%)
GFF25 : 257.825 (-0.57%)
GFH25 : 256.250 (-0.40%)
GFJ25 : 257.175 (-0.37%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 187.350
2nd Resistance Point 187.350
1st Resistance Point 187.350
Last Price 187.350s
1st Support Level 187.350
2nd Support Level 187.350
3rd Support Level 187.350

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52-Week High 197.175
Fibonacci 61.8% 187.883
Last Price 187.350s
Fibonacci 50% 185.013
Fibonacci 38.2% 182.142
52-Week Low 172.850

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