Cattle futures ripped higher in last week’s trade. Can the historic Bull run continue?

Feeder Cattle (March)
March feeder cattle futures had an impressive move to the upside in the back half of last week’s trade, taking prices to another new all-time high. That rally has taken the RSI to 71.99 which is in overbought territory, but still below the 79.51 we saw at the end of November. January feeder cattle expire this week which could lead to bit of a reset. Also on traders’ minds are the chances that CME Group raises margin on cattle futures which could ultimately lead to more of a squeeze on the hedger.

Resistance: 277.25
Pivot: 273.675-274.65
Support: 270.05-271.00***, 266.75-267.75***

Seasonal Tendency Update
(updated 1.27.25)

Below is a look at historical price averages for March futures on a 5, 10, 15, 20, and 30 year time frames (Past performance is not necessarily indicative of future results).

Commitment of Traders Report
Friday’s Commitment of Traders report showed Funds were net buyers of about 2.500 contracts, expanding their net long position to another new record, 28,749. The 3-year chart of fund positioning below speaks for itself.

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