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Live Cattle Feb '24 (LEG24)

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Live Cattle Futures Market News and Commentary

Cattle Look to Tuesday Trade

Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Open interest was up just 846 contracts on Monday. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234. 

Feeder cattle futures were higher by the final bell on Monday, with gains of 55 to 85 cents in the front months. The CME Feeder Cattle Index was up 60 cents to $347.37 on December 12. The weekly OKC feeder cattle auction shows 8,500 head for sale, which is above the week prior. Feeders were $4-8 higher on thee steers and steady to up $3 for heifers. Calves were $5-10 lower for steers and down $10-20 on heifers.

Commitment of Traders data for the week ending on November 25 showed managed money trimming 4,420 contracts from their net long to 92,911 contracts, the smallest since October 2024. In feeder cattle futures and options, specs were cutting back their net long by 1,382 contracts to 16,048 contracts.

Beef export sales... 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
$3,630/3,300
First Notice Date
02/05/24
Expiration Date
02/29/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Nov 25, 2025

View Chart Details
Commercials - Long / Short
104,957 (+3,004)
174,995 (+2,250)
Non-Commercials - Long / Short
143,496 (-2,147)
61,825 (+237)
Producers - Long / Short
45,264 (+1,834)
161,334 (+1,657)
Swap Dealers - Long / Short
56,928 (+774)
10,896 (+197)
Managed Money - Long / Short
111,973 (-3,623)
20,705 (+1,136)
Other Reportables - Long / Short
31,523 (+1,476)
41,120 (-899)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
177.000 +3.95%
on 01/30/24
186.375 -1.27%
on 02/27/24
+6.625 (+3.74%)
since 01/29/24
3-Month
162.400 +13.30%
on 12/07/23
186.375 -1.27%
on 02/27/24
+10.525 (+6.07%)
since 11/29/23
52-Week
162.400 +13.30%
on 12/07/23
196.600 -6.41%
on 09/19/23
+13.400 (+7.85%)
since 02/28/23

More Live Cattle Quotes

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Most Recent Stories

More News
Hogs Start the Week with Losses

Lean hog futures close the Monday session with losses of 40 to 67 cents, as contracts pulled off their early lows. Open intertest suggested long liquidation, dropping 2,618 contracts. USDA’s national...

HEJ26 : 88.925s (-0.67%)
HEG26 : 83.850s (-0.80%)
HEK26 : 92.500s (-0.43%)
Cattle Look to Tuesday Trade

Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Open interest was up just 846 contracts on Monday. Cash trade was stronger last week, as most of the country was...

LEJ26 : 230.025s (+0.27%)
LEG26 : 230.550s (+0.44%)
LEZ25 : 230.825s (+0.45%)
GFH26 : 334.850s (+0.23%)
GFF26 : 339.925s (+0.24%)
GFJ26 : 333.775s (+0.17%)
Cattle Bulls Push Higher into the Close

Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234. Feeder...

LEJ26 : 230.025s (+0.27%)
LEG26 : 230.550s (+0.44%)
LEZ25 : 230.825s (+0.45%)
GFH26 : 334.850s (+0.23%)
GFF26 : 339.925s (+0.24%)
GFJ26 : 333.775s (+0.17%)
Hogs Fall Back on Monday

Lean hog futures close the Monday session with losses of 40 to 67 cents, as contracts pulled off their early lows. USDA’s national base hog price was up $1.40 in the Monday afternoon report at $72.68....

HEJ26 : 88.925s (-0.67%)
HEG26 : 83.850s (-0.80%)
HEK26 : 92.500s (-0.43%)
Hogs Pullback

Hog production soars

Grain Markets Continue to Drift Lower

Oliver Sloup on Markets on the Move: Grain markets saw some chart damage on Friday which led to additional weakness to start this week’s trade. Where’s the support? Tune in for more.

Shootin' the Bull about further rationing

Cattle feeders are continuing to bid higher for incoming inventory, at a time when even fewer cattle are anticipated available, and woefully too much production capacity.

Hogs Slipping Lower on Monday

Lean hog futures are down 75 cent to $1 across most contracts on Monday. USDA’s national base hog price was up $2.07 in the Monday morning afternoon report at $73.00. The CME Lean Hog Index was up 23...

HEJ26 : 88.925s (-0.67%)
HEG26 : 83.850s (-0.80%)
HEK26 : 92.500s (-0.43%)
Cattle Mixed at Midday

Live cattle futures are up 25 to 37 cents at midday, with other contracts slightly lower. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234. Feeder...

LEJ26 : 230.025s (+0.27%)
LEG26 : 230.550s (+0.44%)
LEZ25 : 230.825s (+0.45%)
GFH26 : 334.850s (+0.23%)
GFF26 : 339.925s (+0.24%)
GFJ26 : 333.775s (+0.17%)
Grain Markets Retreat After Support Gives Way

Oliver Sloup joins RFD-TV for another market update, Corn, soybeans, and wheat are trading below technical support, where are the next support levels to keep an eye on? Tune in to find out more!

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 187.967
2nd Resistance Point 186.383
1st Resistance Point 185.192
Last Price 184.000s
1st Support Level 182.417
2nd Support Level 180.833
3rd Support Level 179.642

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52-Week High 196.600
Last Price 184.000s
Fibonacci 61.8% 183.536
Fibonacci 50% 179.500
Fibonacci 38.2% 175.464
52-Week Low 162.400

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