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Feeder Cattle May '24 (GFK24)

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Feeder Cattle Futures Market News and Commentary

Cattle Pulls Back With Weaker Boxed Beef Prices

Live cattle closed the Wednesday session with contracts down 95 cents to $1.57 across the CME. Cash trade has yet to develop this week, with the Central Stockyards Fed Cattle Exchange having no sales on the 1,890 head listed. Bids were running $184, with $185-186 asks. Feeders fell weaker on Wednesday, as contracts were down $1.47 to $2.05 on the session. The CME Feeder Cattle index was down another 8 cents on May 7 to $239.45.

USDA’s Wholesale Boxed Beef prices were reported lower in the Wednesday afternoon report. Choice boxes were down $1.82 at $296.67, with Select $4.09 lower to $288.25. That raised the Chc/Sel spread to $8.42. USDA estimated federally inspected cattle slaughter on Wednesday at 123,000 head, taking the weekly total to 367,000 head. That is 7,000 head above last week and down 11,722 head from the same week last year.

Jun 24 Live Cattle  closed at $176.475, down $1.150,

Aug 24 Live Cattle  closed at $174.225, down $1.300,

Oct 24 Live Cattle... 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
05/23/24 (15 days)
Expiration Date
05/23/24 (15 days)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 30, 2024

View Chart Details
Commercials - Long / Short
15,406 (+488)
10,355 (+913)
Non-Commercials - Long / Short
13,357 (-519)
13,662 (-294)
Producers - Long / Short
11,450 (+611)
8,780 (+1,001)
Swap Dealers - Long / Short
2,697 (-82)
316 (-47)
Managed Money - Long / Short
9,752 (-202)
5,123 (-30)
Other Reportables - Long / Short
3,605 (-317)
8,539 (-264)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
232.625 +3.26%
on 04/12/24
249.700 -3.80%
on 04/29/24
+3.025 (+1.28%)
since 04/08/24
3-Month
232.625 +3.26%
on 04/12/24
263.125 -8.71%
on 02/27/24
-16.100 (-6.28%)
since 02/08/24

More Feeder Cattle Quotes

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Most Recent Stories

More News
Hogs Close Wednesday on a Mixed Note

Lean hogs bounced back and forth on Wednesday, with contracts slipping off the midday pop, but still closing mixed. Contracts were anywhere from a dime lower to 50 cents higher. USDA’s National Average...

HEK24 : 92.525s (unch)
HEM24 : 98.725s (+0.41%)
HEN24 : 102.450s (-0.05%)
Cattle Pulls Back With Weaker Boxed Beef Prices

Live cattle closed the Wednesday session with contracts down 95 cents to $1.57 across the CME. Cash trade has yet to develop this week, with the Central Stockyards Fed Cattle Exchange having no sales on...

LEM24 : 176.475s (-0.65%)
LEQ24 : 174.225s (-0.74%)
LEV24 : 177.450s (-0.82%)
GFK24 : 240.200s (-0.81%)
GFQ24 : 252.400s (-0.80%)
GFU24 : 253.400s (-0.80%)
Shootin' the Bull about warning signs

Nearly half the year is over with and the triangulation of prices continues.  This is expected to continue as packers appear reluctant to increase slaughter that would reduce their margins. More companies...

Pure Hedge - Livestock and Grain

The Grains and Cattle Lower Today. What Will Friday Bring?

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Z8Y00 : 116.50s (unch)
WDU24 : 4,062s (+0.99%)
Hogs Put Together Midday Rally on Wednesday

Lean hogs were weaker to start the midweek session, but are posting midday gains of 7 to 75 cents. USDA’s National Average Base Hog negotiated price was back down $1.60 in the Wednesday AM report at...

HEK24 : 92.525s (unch)
HEM24 : 98.725s (+0.41%)
HEN24 : 102.450s (-0.05%)
Cattle Fading on Wednesday with Weaker Beef Print

Live cattle are fading the Tuesday gains with contracts down $1 to $1.50. Cash trade has yet to develop this week, with the Central Stockyards Fed Cattle Exchange having no sales on the 1,890 head listed....

LEM24 : 176.475s (-0.65%)
LEQ24 : 174.225s (-0.74%)
LEV24 : 177.450s (-0.82%)
GFK24 : 240.200s (-0.81%)
GFQ24 : 252.400s (-0.80%)
GFU24 : 253.400s (-0.80%)
Hogs Switch Focus to Wednesday Following Weaker Cutout

Lean hogs were firmer on Tuesday, as contracts were up 15 to 62 cents. USDA’s National Average Base Hog negotiated price was up 84 cents in the Tuesday afternoon report at $93.25. The CME Lean Hog Index...

HEK24 : 92.525s (unch)
HEM24 : 98.725s (+0.41%)
HEN24 : 102.450s (-0.05%)
Cattle Look to Wednesday Trade

Live cattle closed the Turnaround Tuesday session with most contracts 65 cents to $1.27 higher. Cash trade has yet to develop this week, as sales of $184 were reported in the South last week and a few...

LEM24 : 176.475s (-0.65%)
LEQ24 : 174.225s (-0.74%)
LEV24 : 177.450s (-0.82%)
GFK24 : 240.200s (-0.81%)
GFQ24 : 252.400s (-0.80%)
GFU24 : 253.400s (-0.80%)
Soybeans Have Two Key Reasons To Rally, Updated

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

ZSN24 : 1227-6s (-1.50%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 245.167
2nd Resistance Point 243.883
1st Resistance Point 242.042
Last Price 240.200s
1st Support Level 238.917
2nd Support Level 237.633
3rd Support Level 235.792

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52-Week High 276.125
Fibonacci 61.8% 253.415
Fibonacci 50% 246.400
Last Price 240.200s
Fibonacci 38.2% 239.385
52-Week Low 216.675

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