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Live Cattle Apr '23 (LEJ23)

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Live Cattle Futures Market News and Commentary

Live Cattle Extends Strength, Feeders Slip

Live cattle future were up 10 to 70 cents across the board on Tuesday. Cash action has mostly been compiling showlists. Trade rounded out last week with sales of $184-185 in the South, up $1-2 on the week. Northern sales were in a range of $186-187. 

Feeder cattle futures were down anywhere from a nickel to 95 cents at the close. The CME Feeder Cattle Index was up 19 cents at $247.43 on September 30. The weekly OKC Feeder Cattle auction saw sales of 5,878 head on Monday, below last year and the previous week. Sales of steers and heifer calves were $3-8 higher, with feeder heifers below 800 lbs stead and above 800 lbs up $5.

USDA wholesale Boxed Beef prices were higher in the Tuesday PM report. Choice boxes were up $2.09 to $300.17/cwt, with Select 77 cents higher @ $285.30. The Chc/Select spread widened to $14.87. USDA estimated Tuesday’s federally inspected cattle slaughter at 124,000 head, taking the weekly total to 243,000 head. That is even with the previous week but... 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
$2,695/2,450
First Notice Date
04/10/23
Expiration Date
04/28/23 (expired)

Seasonal Chart

Live Cattle Apr '23
Average Price Chart for 5 Prior Apr Contracts

Commitment of Traders Positions as of Sep 24, 2024

View Chart Details
Commercials - Long / Short
112,852 (+5,021)
134,566 (+8,759)
Non-Commercials - Long / Short
110,464 (+13,858)
74,357 (+8,249)
Producers - Long / Short
38,914 (-991)
125,262 (+6,786)
Swap Dealers - Long / Short
67,715 (+5,028)
3,081 (+989)
Managed Money - Long / Short
77,921 (+13,430)
20,911 (+197)
Other Reportables - Long / Short
32,543 (+428)
53,446 (+8,052)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
164.925 +6.21%
on 03/29/23
177.700 -1.42%
on 04/13/23
+10.225 (+6.20%)
since 03/28/23
3-Month
160.625 +9.06%
on 03/22/23
177.700 -1.42%
on 04/13/23
+14.350 (+8.92%)
since 01/27/23
52-Week
150.875 +16.11%
on 05/31/22
177.700 -1.42%
on 04/13/23
+19.425 (+12.47%)
since 04/28/22

More Live Cattle Quotes

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Most Recent Stories

More News
Hogs Rally on Tuesday

Lean hogs closed with contracts up $1 to $1.40 on Tuesday. The national average base hog price was reported at $77.79 on Tuesday afternoon, up $1.11 from the previous day. The CME Lean Hog Index was $84.01...

HEV24 : 83.500s (+1.52%)
HEZ24 : 74.600s (+1.81%)
HEG25 : 78.575s (+1.55%)
Live Cattle Extends Strength, Feeders Slip

Live cattle future were up 10 to 70 cents across the board on Tuesday. Cash action has mostly been compiling showlists. Trade rounded out last week with sales of $184-185 in the South, up $1-2 on the week....

LEG25 : 186.175s (+0.17%)
LEV24 : 184.475s (+0.38%)
LEZ24 : 185.175s (+0.20%)
GFV24 : 246.150s (-0.02%)
GFX24 : 244.675s (-0.09%)
GFF25 : 238.450s (-0.14%)
A Wild Start to the Month for Grain and Livestock Markets

Headline risk from the outside markets trickled into money flow in commodities through today's trade. Here's how things shook out and a few important headlines.

Shootin' the Bull about Cattle, Grains and Port Strikes

In my opinion, today's price action in much of the commodity complex was driven by outside market influences related to port strike headlines and rocket attacks in Israel from Iran.  Yesterday's friendly...

Fats and Oils

Fats and Oils - 2024-10-01

RSX24 : 617.10 (+1.03%)
KGZ24 : 0.7309s (-0.71%)
ZCZ24 : 432-4 (+0.82%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
XSX24 : 3,737s (+0.43%)
CTZ24 : 73.02 (-0.10%)
KOZ24 : 4,135 (+3.22%)
XUF25 : 3,127s (+1.23%)
XTF25 : 4,200s (-0.19%)
XVX24 : 2,205s (+1.57%)
XXF25 : 8,114s (-0.44%)
ZSBAUS.CM : -0.6261 (-0.63%)
Hogs Rallying at Midday Despite Port Shutdown

Lean hogs are posting$1.37 to $1.60 gains across most nearbys on Tuesday. The national average base hog price was reported at $77.99 on Tuesday morning, up $1.57 from the previous day. The CME Lean Hog...

HEV24 : 83.500s (+1.52%)
HEZ24 : 74.600s (+1.81%)
HEG25 : 78.575s (+1.55%)
Cattle Rallying on Tuesday, as Beef Bounces

Live cattle future are finding some help from higher beef action at the AM print, with contracts up $1.05 to $1.45 at midday. Cash trade rounded out last week with sales of $184-185 in the South, up $1-2...

LEG25 : 186.175s (+0.17%)
LEV24 : 184.475s (+0.38%)
LEZ24 : 185.175s (+0.20%)
GFV24 : 246.150s (-0.02%)
GFX24 : 244.675s (-0.09%)
GFF25 : 238.450s (-0.14%)
What’s on tap for the livestock markets as we turn the calendar over to a new month and quarter?

Livestock markets had a bit of a counter seasonal trend in the back half of last month’s trade, will that continue through the month of October?

Cattle Look to Tuesday Trade

Live cattle futures closed out the Monday session with contracts a tick to 72 cents higher. Cash trade rounded out last week with sales of $184-185 in the South, up $1-2 on the week. Northern sales were...

LEG25 : 186.175s (+0.17%)
LEV24 : 184.475s (+0.38%)
LEZ24 : 185.175s (+0.20%)
GFV24 : 246.150s (-0.02%)
GFX24 : 244.675s (-0.09%)
GFF25 : 238.450s (-0.14%)
Hogs Mixed on Monday, Ports on Strike

Lean hogs closed out the session with contracts anywhere from 12 cents lower to 52 cents higher across the board. The national average base hog price was reported at $76.68 on Monday afternoon, up $1.57...

HEV24 : 83.500s (+1.52%)
HEZ24 : 74.600s (+1.81%)
HEG25 : 78.575s (+1.55%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 179.283
2nd Resistance Point 178.192
1st Resistance Point 176.683
Last Price 175.175s
1st Support Level 174.083
2nd Support Level 172.992
3rd Support Level 171.483

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52-Week High 177.700
Last Price 175.175s
Fibonacci 61.8% 167.453
Fibonacci 50% 164.288
Fibonacci 38.2% 161.122
52-Week Low 150.875

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