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Feeder Cattle Oct '24 (GFV24)

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Feeder Cattle Futures Market News and Commentary

Cattle Fall on Monday

Live cattle fell to start Monday as money flow was exiting the commodities, with contracts down 85 cents to $2.07.  Cash action was light last week with steady sales of $190 reported in the South and $198 in the north. Feeder cattle ignored the collapse in the corn market and followed the fats, as contracts were down $1.50 to $2.32. The CME Feeder Cattle Index was $3.21 higher on July 5 at $258.29. Monday’s OKC feeder action showed 4,100 head sold, with demand noted as good, but steers and heifer prices action listed as steady.

This afternoon’s Commitment of Traders report showed managed money in live cattle futures and options as adding 7,563 contracts to their net long at 63,423 contracts by Tuesday.

USDA wholesale Boxed Beef prices were mixed in the Monday afternoon report. Choice boxes were up 4 cents to $330.47/cwt, with Select $0.34 lower at $304.72. The Chc/Select spread widened 38 cents to $25.75. USDA estimated Monday’s FI slaughter at 115,000 head. That matched... Read more

Contract Specifications

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Contract
Feeder Cattle
Contract Size
50,000 pounds
Tick Size
0.00025 per pound ($12.50 per contract)
Trading Hours
8:30a.m. - 1:05p.m. (Settles 1:00p.m.) CST
Exchange
CME
Point Value
$500
Margin/Maintenance
$4,537/4,125
First Notice Date
10/31/24 (114 days)
Expiration Date
10/31/24 (114 days)

Seasonal Chart

Feeder Cattle Oct '24
Average Price Chart for 5 Prior Oct Contracts

Commitment of Traders Positions as of Jul 2, 2024

View Chart Details
Commercials - Long / Short
17,083 (-994)
9,657 (+347)
Non-Commercials - Long / Short
11,812 (-66)
15,138 (-1,519)
Producers - Long / Short
12,661 (-775)
8,354 (+274)
Swap Dealers - Long / Short
3,320 (-233)
201 (+59)
Managed Money - Long / Short
8,788 (-173)
5,183 (-1,295)
Other Reportables - Long / Short
3,024 (+107)
9,955 (-224)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
255.700 +1.97%
on 06/13/24
264.600 -1.46%
on 06/17/24
+4.275 (+1.67%)
since 06/07/24
3-Month
245.900 +6.03%
on 04/12/24
266.675 -2.23%
on 05/29/24
+9.650 (+3.84%)
since 04/08/24

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Most Recent Stories

More News
Cattle Markets fall to start the week on Weakness

Cattle bulls can't support futures as they break down hard on Monday

Hogs Mixed at Monday’s Close

Lean hogs ended the Monday session with contracts anywhere from 42 cents higher to $1.55 lower. The USDA National Base Hog price was reported at $90.63 on Monday afternoon, down $1.18 from the previous...

HEN24 : 89.675s (-0.22%)
HEQ24 : 89.525s (+0.39%)
HEV24 : 72.525s (-1.29%)
Cattle Fall on Monday

Live cattle fell to start Monday as money flow was exiting the commodities, with contracts down 85 cents to $2.07. Cash action was light last week with steady sales of $190 reported in the South and $198...

LEQ24 : 184.350s (-1.11%)
LEV24 : 185.300s (-1.00%)
LEZ24 : 187.250s (-0.81%)
GFQ24 : 259.175s (-0.88%)
GFU24 : 260.625s (-0.61%)
GFV24 : 260.725s (-0.57%)
Shootin' the Bull about feeder basis going positive?

Hence, long way around the barn, but don't be surprised to see a greater than $8.00 positive basis form and potentially remain that way into the end of August.

Cattle Slipping at Monday’s Midday

Live cattle are falling to begin the week despite a stronger start to the session, with contracts down 65 cents to $1.32. Cash action was light last week with steady sales of $190 reported in the South...

LEQ24 : 184.350s (-1.11%)
LEV24 : 185.300s (-1.00%)
LEZ24 : 187.250s (-0.81%)
GFQ24 : 259.175s (-0.88%)
GFU24 : 260.625s (-0.61%)
GFV24 : 260.725s (-0.57%)
Hogs Mixed on Monday

Lean hogs are trading on Monday with mixed action at midday as most contracts are down 5 to 60 cents and August up 65 cents. The USDA National Base Hog price was reported at $86.73 on Monday morning, down...

HEN24 : 89.675s (-0.22%)
HEQ24 : 89.525s (+0.39%)
HEV24 : 72.525s (-1.29%)
Cattle Look to New Week Following Steady Cash Action

Live cattle closed mixed on Friday, with front months up 32 to 50 cent and other contracts down 17 to 42. Cash action was light with sales of $190 reported in the South, steady in the week, and $198 bids...

LEQ24 : 184.350s (-1.11%)
LEV24 : 185.300s (-1.00%)
LEZ24 : 187.250s (-0.81%)
GFQ24 : 259.175s (-0.88%)
GFU24 : 260.625s (-0.61%)
GFV24 : 260.725s (-0.57%)
Hogs Shift Focus to New Week as the Index Remains Flat

Lean hogs posted 50 to 75 cent losses in most contracts on Friday, with July an outlier and up 12 cents. The USDA National Base Hog price was reported at $89.45 on Friday afternoon, down $1.52 from the...

HEN24 : 89.675s (-0.22%)
HEQ24 : 89.525s (+0.39%)
HEV24 : 72.525s (-1.29%)
Grains attempting breakout higher

Monthly USDA reports on Friday

Cattle Pull off Friday Highs to Close Mixed

Live cattle closed mixed on Friday, with front months up 32 to 50 cent and other contracts down 17 to 42. Cash action has been light so far this week, with sales of $190 reported in the South, steady...

LEQ24 : 184.350s (-1.11%)
LEV24 : 185.300s (-1.00%)
LEZ24 : 187.250s (-0.81%)
GFQ24 : 259.175s (-0.88%)
GFU24 : 260.625s (-0.61%)
GFV24 : 260.725s (-0.57%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 267.283
2nd Resistance Point 265.542
1st Resistance Point 263.133
Last Price 260.725s
1st Support Level 258.983
2nd Support Level 257.242
3rd Support Level 254.833

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52-Week High 275.175
Last Price 260.725s
Fibonacci 61.8% 260.019
Fibonacci 50% 255.337
Fibonacci 38.2% 250.656
52-Week Low 235.500

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