LIVE CATTLE COT report

LIVE CATTLE - CHICAGO MERCANTILE EXCHANGE positioning from the CFTC Legacy report. Net positions equal long contracts minus short contracts. Commercial, non-commercial and non-reportable classifications describe participants; they are not buy or sell signals.

Positions as of 2026-10-27. Open interest: 288757 contracts. This is the latest stored observation, not live trading data.

How are traders positioned?

Non-commercial percentile: 8 across 103 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.

Historical AI commentary — 2026-07-07

This commentary is dated separately from the positioning table. It may describe an earlier market environment.

SUMMARY: Live Cattle shows an extreme positioning divergence with Managed Money at the 100th percentile long (114,908 contracts) and Producer/Merchant at the 0th percentile short (-129,405 contracts). This is a classic crowded trade setup where speculative longs are at record levels against commercial hedgers who are betting heavily on lower prices. The immediate trading implication is that the...

How should this COT report be used?

Use positioning to understand exposure and crowded trades alongside price, liquidity and risk controls. Weekly reports generally describe Tuesday positions released on Friday, subject to the CFTC schedule. Classifications differ in TFF and Disaggregated reports. Compare like-for-like formats and dates.

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