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Live Cattle Oct '23 (LEV23)

183.750s -0.375 (-0.20%) 10/31/23 [CME]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Tue, Oct 31st, 2023
Day Low
182.800
Day High
185.000
Open 184.125
Previous Close 184.125 184.125
Volume 87 87
Open Interest 74 74
Stochastic %K 74.46% 74.46%
Weighted Alpha +16.28 +16.28
5-Day Change +3.750 (+2.08%) +3.750 (+2.08%)
52-Week Range 156.625 - 187.575 156.625 - 187.575
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Live Cattle Futures Market News and Commentary

Cattle Fall on Monday

Live cattle futures fell lower into Monday’s close, failing to hold the early strength and settling down 30 cents to $1.05 on the day. Preliminary open interest was up 3,328 contracts on Monday. Cash trade was on the move late last week, up $7-8 to $210 in the South and $212-216 in the North. 

Feeder cattle futures were mixed, with contracts anywhere from up 27 cents to 25 lower in the nearbys on Monday. The CME Feeder Cattle Index was back down 79 cents on March 21, with the average price at $286.99. The Monday OKC feeder cattle auction has an estimated 6,500 head for sale, even with the same week last year. Sales were $4-8 higher for steers, with heifers up $3 to $12.

The Monday afternoon National Wholesale Boxed Beef report from USDA was back higher, as the Chc/Sel narrowed to at $13.52. Choice boxes were up $1.65 to $327.10/cwt, with Select $3.96 higher at $313.58. Monday’s Federally inspected cattle slaughter was estimated at 119,000 head by USDA. That is 5,000 head... 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
$2,420/2,200
First Notice Date
10/09/23
Expiration Date
10/31/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Mar 18, 2025

View Chart Details
Commercials - Long / Short
105,926 (+296)
186,788 (+4,911)
Non-Commercials - Long / Short
173,498 (+12,759)
70,073 (+6,669)
Producers - Long / Short
47,993 (+453)
178,879 (+4,694)
Swap Dealers - Long / Short
54,016 (-494)
3,992 (-120)
Managed Money - Long / Short
136,374 (+9,200)
18,345 (+2,232)
Other Reportables - Long / Short
37,124 (+3,559)
51,728 (+4,437)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
177.350 +3.61%
on 10/24/23
Period Open: 184.200
186.225 -1.33%
on 10/17/23
-0.450 (-0.24%)
since 09/29/23
3-Month
177.350 +3.61%
on 10/24/23
Period Open: 179.600
187.575 -2.04%
on 09/28/23
+4.150 (+2.31%)
since 07/28/23
52-Week
156.625 +17.32%
on 11/16/22
Period Open: 157.250
187.575 -2.04%
on 09/28/23
+26.500 (+16.85%)
since 10/28/22

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Most Recent Stories

More News
Hogs Face Pressure on Monday

Lean hog futures slipped 42 cents to $1.70 in the red on Monday. The USDA national average base hog negotiated price was reported at $90.29 on Monday afternoon, $1.89 above the day prior. The CME Lean...

HEJ25 : 87.000 (+1.52%)
HEK25 : 90.250 (+1.92%)
HEM25 : 98.275 (+2.58%)
Cattle Fall on Monday

Live cattle futures fell lower into Monday’s close, failing to hold the early strength and settling down 30 cents to $1.05 on the day. Preliminary open interest was up 3,328 contracts on Monday. Cash...

LEQ25 : 199.625 (+0.29%)
LEJ25 : 206.250 (+0.17%)
LEM25 : 202.675 (+0.26%)
GFH25 : 286.450 (-0.05%)
GFJ25 : 285.225 (-0.01%)
GFK25 : 284.950 (+0.04%)
Hogs Fall Lower on Monday

Lean hog futures were 42 cents to $1.70 in the red at the Monday close. The USDA national average base hog negotiated price was reported at $90.29 on Monday afternoon, $1.89 above the day prior. The CME...

HEJ25 : 87.000 (+1.52%)
HEK25 : 90.250 (+1.92%)
HEM25 : 98.275 (+2.58%)
Cattle Fail to Hold Strength on Monday

Live cattle futures failed to hold the early strength on Monday, with contracts down 30 cents to $1.05 on the day. Cash trade was on the move late last week, up $7-8 to $210 in the South and $212-216 in...

LEQ25 : 199.625 (+0.29%)
LEJ25 : 206.250 (+0.17%)
LEM25 : 202.675 (+0.26%)
GFH25 : 286.450 (-0.05%)
GFJ25 : 285.225 (-0.01%)
GFK25 : 284.950 (+0.04%)
Hogs Falter – Give Back Friday’s gains

Cash Markets work lower pressuring futures

Shootin' the Bull about buying and selling at the known top

Brand new bets at the top of the market were noted with Friday's large increase in open interest.  New longs entered into a position of taking delivery at the highest price futures contracts have ever...

Pure Hedge - Livestock and Grain

Cattle lower again - Time to Buy the Grains - With Updated Corn Call Spreads

Grain and Livestock Futures Stay Choppy to Start the Week

Grain and livestock markets were mixed to start the week as traders' position into the last full week of trade.

Hog Futures Market Is Buffeted by U.S. Pork Export Concerns. Can Bullish Domestic Fundamentals Save the Day?

U.S.-China trade tensions are weighing on the lean hog futures market.

GFK25 : 284.950 (+0.04%)
HEJ25 : 87.000 (+1.52%)
HEY00 : 88.875s (-0.36%)
LEJ25 : 206.250 (+0.17%)
ZSK25 : 1004-2 (-0.30%)
Hogs Facing Weakness at Midday

Lean hog futures are falling back on Monday, with contracts 50 cent to $1.40 in the red at midday. The USDA national average base hog negotiated price was reported at $88.03 on Monday morning, down 23...

HEJ25 : 87.000 (+1.52%)
HEK25 : 90.250 (+1.92%)
HEM25 : 98.275 (+2.58%)
If June Live Cattle Futures Cross Below $200, Watch These Levels Next

June live cattle futures hit a new contract high on March 21 but closed near the daily low.

LEM25 : 202.675s (+0.26%)
A Wild Ride in Cattle Futures on Friday

Volatility ramped up to round out the week in cattle markets. What’s in store for this week’s trade?

Walsh Gamma Trader

Low-Cost Options, With Limited Risk

Cattle Traders Look to React to Cattle on Feed Data

Live cattle futures fell into the Friday close, with nearby losses of $1.52 to $2.47, as traders were lightning up ahead of the monthly Cattle on Feed report. Friday’s Preliminary open interest was up...

LEQ25 : 199.625 (+0.29%)
LEJ25 : 206.250 (+0.17%)
LEM25 : 202.675s (+0.26%)
GFH25 : 286.450 (-0.05%)
GFJ25 : 285.225 (-0.01%)
GFK25 : 284.950 (+0.04%)
Hogs Look to New Week

Lean hog futures settled Friday with contracts up 57 cents to $1.22. April was 50 cents lower over the course of the week. The USDA national average base hog negotiated price was reported at $88.40 on...

HEJ25 : 87.000 (+1.52%)
HEK25 : 90.250 (+1.92%)
HEM25 : 98.275 (+2.58%)
Live Cattle Support/Resistance Using Fibonacci & W.D. Gann

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

LEJ25 : 206.250 (+0.17%)
Hogs Rally While Cattle Makes new high and Fails

Hogs Stabilize while cattle markets surge and collapse on strong cash

Cattle Futures Ignore Cash Strength, with Position Squaring Ahead of the CoF Report

Live cattle futures faded into the Friday close, settling down $1.52 to $2.47 on the day, as traders were lightning up ahead of the monthly Cattle on Feed report. Cash trade was on the move on Friday,...

LEQ25 : 199.625 (+0.29%)
LEJ25 : 206.250 (+0.17%)
LEM25 : 202.675s (+0.26%)
GFH25 : 286.450 (-0.05%)
GFJ25 : 285.225 (-0.01%)
GFK25 : 284.950 (+0.04%)
Hogs Post Gains on Friday

Lean hog futures closed the Friday session with contracts up 57 cents to $1.22, as April was 50 cents lower over the course of the week. The USDA national average base hog negotiated price was reported...

HEJ25 : 87.000 (+1.52%)
HEK25 : 90.250 (+1.92%)
HEM25 : 98.275 (+2.58%)
Shootin' the Bull about rationing producers

In my opinion, the cattle industry, futures traders included, are no longer rationing beef or cattle, but producers.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 187.100
2nd Resistance Point 186.050
1st Resistance Point 184.900
Last Price 183.750s
1st Support Level 182.700
2nd Support Level 181.650
3rd Support Level 180.500

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52-Week High 187.575
Last Price 183.750s
Fibonacci 61.8% 175.752
Fibonacci 50% 172.100
Fibonacci 38.2% 168.448
52-Week Low 156.625

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