Feeder Cattle futures for May 2025 closed at $297.975, gaining $0.500 on Friday and extending a steady five-day rally totaling +3.025 (+1.03%). The contract hit a new 52-week high at $298.500, underscoring bullish momentum and continued buyer confidence. The price has now climbed +8.24% over the past 20 days, outperforming its 20-day moving average of $290.104. Momentum indicators are signaling strength with the Stochastic %K at 91.86% and the MACD Oscillator at +6.530, suggesting the rally remains intact, although short-term overbought signals are emerging.

Volatility and Participation

While price action is bullish, volume remains light, with 2,322 contracts traded Friday, falling below the 20-day average of 5,152, indicating a thinner market and the possibility of increased volatility. The ATR (Average True Range) at 3.367 supports this, implying broader daily ranges and potential price swings. Open interest stands at 6,801, relatively modest compared to other contracts, which suggests that some of the recent gains may be driven by short-term positioning rather than long-term commitment. Still, the Weighted Alpha of +20.26 confirms solid price performance over the past 12 months.

Outlook and Risk Levels

GFK25 is now trading very close to its all-time high, and technical indicators reflect a market at or near exhaustion in the short term. The Percent R at 2.16% places the contract in deep overbought territory, a zone that often precedes consolidation or corrective pullbacks. That said, the overall trend remains decisively bullish. Traders should monitor for potential resistance around $299–$300, while near-term support sits around $294.00. If momentum holds, a breakout above $300 could spark fresh technical buying; however, light volume and extended stochastic readings warrant caution heading into the final weeks of the May contract’s life.