Livestock Futures Came Under Pressure to Start the Month

Live Cattle (April)

April live cattle futures probed lower to start the week and month, trading into and defending our 3-star support pocket from 189.80-190.75. The market was able to springboard off of this level which took prices closer to unchanged. 193.025-193.075 will be the pocket to keep a close eye on through today’s trade. If the Bulls can reclaim ground above here, we could see additional relief. Outside markets have been under fire as of late, along with other agricultural markets. If that continues, we could see that aide to the trend of long liquidation in the cattle complex.

Resistance: 194.45-195.47***, 197.92-198.70***, 199.70-200.00***,
Pivot: 193.025-193.075
Support: 189.80-190.75***

Daily Cattle and Beef Summary

Cutout values were firm on Monday afternoon with choice cuts 2.10 higher to 313.93 and select cuts .36 higher to 302.41. The 5-area average price for live steers was reported at 197.65. Monday’s slaughter was reported at 102k head.

Continue Reading the full article with charts: https://bluelinefutures.com/2025/03/04/livestock-futures-came-under-pressure-to-start-the-month/ 

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