Cattle Futures Post New Contract Highs
Headline from yesterday after the close: US AGRICULTURE SECRETARY BROOKE ROLLINS SAYS US HAS COME TO AN AGREEMENT WITH MEXICO ON NEW WORLD SCREWWORM PARASITE, AND MORE WILL BE RELEASED IN A FEW HOURS
*We have not seen any more detail since this release. Regardless this helps alleviate some of the concern from the weekend headline threatening closure of the boarder for trade.
Live Cattle (June)
June live cattle futures made another round of contract highs yesterday, this time with a little more conviction in the strength than the prior few sessions. Despite the nearly $18 V shape recovery rally in the last 3-weeks, the RSI is still shy of overbought territory with a reading of 66.27 at yesterday’s close. The cash market remains strong which does keep the advantage in the Bulls court. With that said, the borderline parabolic rally since April 9th leaves healthy retracement levels well below current market value.
Resistance: 210.00-211.00**
Pivot: 206.92-207.72
Support: 203.25-204.20**, 199.60-199.975***, 195.65-196.07***
Daily Cattle and Beef Summary
Cutout values were firm on Monday afternoon with choice cuts 6.29 higher to 342.77 and select cuts 5.01 higher to 325.12. Slaughter on Monday was reported at 104k head. The 5-area average price for live steers was reported at 216.32.
The CME feeder Cattle Index is at 293.71 with the NBW Real-Time Index showing 294.76 as of this morning.
Seasonal Tendency Update
(updated 4.28.25)
Below is a look at historical price averages for June futures on a 5, 10, 15, 20, and 30 year time frames (Past performance is not necessarily indicative of future results).
Commitment of Traders Update
Friday’s Commitment of Traders report showed Funds were net buyers of roughly 12k futures/options contracts, expanding their net long position to 120,460 futures and options contracts.
Stay ahead of the herd!
Subscribe to our daily Livestock Roundup for exclusive insights into Feeder Cattle, Live Cattle, and Lean Hogs. Get access to our proprietary trading levels and actionable market biases delivered straight to your inbox—every day.

