A Wild Ride in Cattle Futures on Friday

Live Cattle (June)

June live cattle futures surged to new contract highs on Friday, trading as high as 207.30.  By the close though, June futures settled 2.25 lower to 202.775.  If it weren’t for the uncertainty around a cattle on feed report after the close (which had a friendly tilt), this would have had the markings of a potential blow off top.  Maybe it is, but again, the uncertainty around a report may have played a role in price action, positioning, and volatility.   The good news is, with the volatility and wide ranges from Friday’s trade, we did have some indicators reset on the chat to give us new levels to watch, outlined below.

Resistance: 204.20-204-77**, 205.80-205.85**, 206.92-207.30**
Pivot:  201.50-202.30
Support: 198.70-199.20***, 195.65-196.075****

Daily Cattle and Beef Summary

Cutout values were mixed on Friday afternoon with choice cuts 2.61 lower to 325.45 and select cuts .26 higher to 309.62.   Friday’s slaughter was reported at 100k head.  

The CME feeder Cattle Index is at 287.78 with the NBW Real-Time Index showing 288.60 as of this morning.

Cattle on Feed Snapshot:

• On Feed: 98 VS average estimate of 98.2
• Placements: 82 VS average estimate of 85.6
• Marketings: 91 VS average estimate of 92

Continue Reading the full Article Here WITH charts! : https://bluelinefutures.com/2025/03/24/a-wild-ride-in-cattle-futures-on-friday/ 

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