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Live Cattle

Live Cattle chart

Live Cattle market insights

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.

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Live Cattle details

Live cattle is an agricultural commodity traded primarily on the Chicago Mercantile Exchange (CME). Live cattle represents full-grown cattle that weigh on average 850 to 1200 pounds, with heifers at the lower end and steers several hundred pounds heavier. A single contract of live cattle is measured at 40,000 pounds.

The largest producers of live cattle are the US, Brazil, EU, China and India in that order. Live cattle prices are primarily affected by levels of supply and demand. Introduced to commodity exchanges in 1964, live cattle were the first non-storage agricultural commodity. Live cattle should not be confused with feeder cattle, a separate commodity.

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Commodities explained

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