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Cheese Cash-Settled Jun '23 (BJM23)
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Contract Specifications

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Contract
Cheese Cash-Settled
Contract Size
20,000 pounds
Tick Size
0.001 per pound ($20.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. Sun-Thur, 5:00p.m. - 1:55p.m. Fri CST
Exchange
CME
Point Value
$20,000
Margin/Maintenance
$1,650/1,500
First Notice Date
07/05/23 (41 days)
Expiration Date
07/05/23 (41 days)
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Price Performance

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Period Period Low Period High Performance
1-Month
1.6640 +3.06%
on 05/19/23
1.8200 -5.77%
on 04/27/23
-0.0960 (-5.30%)
since 04/25/23
3-Month
1.6640 +3.06%
on 05/19/23
1.9740 -13.12%
on 03/24/23
-0.1950 (-10.21%)
since 02/24/23
52-Week
1.6640 +3.06%
on 05/19/23
2.1350 -19.67%
on 06/13/22
-0.3350 (-16.34%)
since 05/25/22

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Most Recent Stories

More News
Live Cattle Recover Early Morning Losses

Live cattle struggled to find their footing to start today's trade, but managed to stage a strong recovery to finish within a stone's throw of a closing contract high.

Mixed Close for Hog Futures

Lean hogs were mixed with gains for the deferred contracts and 2 to 87 cent losses in the summer months. July futures were still at a net $9.97 premium to Dec at the close. USDA’s National Average Base...

Midweek Rally for Cattle Futures

Live cattle ended the session ~40 cents off their highs on $0.60 to $1.82 gains. The June contract flipped back to net positive for the week’s net move after fading Monday and Tuesday, and saw a new...

LEM23 : 166.100s (+1.11%)
LEQ23 : 164.125s (+0.95%)
LEV23 : 168.375s (+0.72%)
GFK23 : 208.975s (+0.57%)
GFQ23 : 234.525s (+0.45%)
Grains - Closing Prices and Market Recap (corn, soybeans, and wheat)

It was a bit of a mixed bag in today's grain trade, with corn higher, beans little changed, and wheat under pressure.

Shootin' the Bull about beef movement over the holiday

A soft start ended on a firm note this afternoon.  Packers bid higher to acquire cattle.  The upcoming three day weekend will be interesting to see what movement of beef is. June was able to make a...

Hogs Mixed at Midday

The back month futures are trading 30 to 60 cents higher at midday, as the summer month contracts are fading with 12 to 77 cent losses. The July contract is still at a $10.10 premium to December contracts....

HEM23 : 79.800s (-1.08%)
HEQ23 : 80.400s (-0.03%)
KMM23 : 83.275s (-1.51%)
Cattle Flipping Net Higher for the Week

After fading Monday and Tuesday, the midweek cattle futures market is back up by triple digits and into the black for the week’s net move. The Wednesday FCE auction had 828 head listed and sold 396 TX...

LEM23 : 166.100s (+1.11%)
LEQ23 : 164.125s (+0.95%)
LEV23 : 168.375s (+0.72%)
LEY00 : 170.000s (unch)
GFK23 : 208.975s (+0.57%)
GFQ23 : 234.525s (+0.45%)
Will Profit Taking in Cattle Continue?

The lack of new news following last week's Cattle on Feed report has prompted some long liquidation in live cattle in the first two days of the week. Will today mark a third day of profit taking?

Mostly Lower Hog Futures on Tuesday

Lean hogs staged an afternoon recovery that left June nearly $1 off the low and turned August and October contracts higher for the day. The deferred contracts stayed 12 to 30 cents weaker by the Tuesday...

HEM23 : 79.800s (-1.08%)
HEQ23 : 80.400s (-0.03%)
KMM23 : 83.275s (-1.51%)
Cattle Faded on Tuesday

Live cattle futures were down 32 cents to $1.02 on the Tuesday session. August was the weak link and is now at a $1.70 discount to June and a $4.60 discount to the October contract. Tuesday’s FCE auction...

LEM23 : 166.100s (+1.11%)
LEQ23 : 164.125s (+0.95%)
LEV23 : 168.375s (+0.72%)
GFK23 : 208.975s (+0.57%)
GFQ23 : 234.525s (+0.45%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Maximum Signal Strength.

Key Turning Points

3rd Resistance Point 1.8023
2nd Resistance Point 1.7827
1st Resistance Point 1.7463
Last Price 1.7150
1st Support Level 1.6903
2nd Support Level 1.6707
3rd Support Level 1.6343

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52-Week High 2.1350
Fibonacci 61.8% 1.9551
Fibonacci 50% 1.8995
Fibonacci 38.2% 1.8439
Last Price 1.7150
52-Week Low 1.6640

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