Another round of new contract highs for cattle futures. Will pressure in the outside markets mute the optimism?
Cattle futures continued to trade higher on Tuesday thanks to a strong fundamental backdrop in the cash market. Outside have been stable recently but are seeing some pressure this morning following some poor economic data. Will that halt the rally?
Live Cattle (June)
June live cattle futures marked another new contract high in yesterday’s trade. Despite the beyond impressive rally over the last three-weeks, the RSI is still below what is considered to be overbought, with a current reading of 66.94. As far as resistance levels go, it’s really hard to find meaningful resistance when the market is trading at all-time highs. All eyes on the cash market for that front. We would have expected more momentum in June with where cash has been. On the technical support side of things, 207.72-208.25 is the pocket to defend. Consecutive closes below that and we could see some long liquidation. Outside markets are weaker this morning following softer ADP employment data and a miss on Q1 GDP.
Resistance: 210.00-211.00**
Pivot: 207.72-208.25
Support: 203.25-204.20**, 199.60-199.975***, 195.65-196.07***
Daily Cattle and Beef Summary
Cutout values were mixed on Tuesday afternoon with choice cuts 5.49 higher to 348.26 and select cuts 1.30 lower to 323.82. Slaughter on Tuesday was reported at 120k head.
The CME feeder Cattle Index is at 295.14 with the NBW Real-Time Index showing 295.91 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.

