Feeder Cattle Futures

QUOTE AND NEWS
Benzinga  Dec 18  Comment 
February Live Cattle was trading unchanged after being up early in the session. January Feeder Cattle was trading lower by $1.70 at $214.87 after opening sharply down, with limits expanded to 450 points. February Lean Hogs were trading $1.25...
Mondo Visione  Dec 18  Comment 
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will change daily price limits in its CME Feeder Cattle futures effective  Thursday, December 18 , pursuant to its emergency action authority. The...
Benzinga  Dec 16  Comment 
Live Cattle Futures finished the day down the daily limit of $3.00 on long liquidation. February Cattle closed at $158.775, down $3.00. Live Cattle Futures were limit down for most of the day. Feeder Cattle also closed down the limit with March...
Agrimoney.com  Oct 20  Comment 
Futures in live cattle return close to record highs. But the benefit to feedlots is curtailed by a rise in prices of feeder cattle too
Southeast Farm Press  Sep 12  Comment 
Paul Peterson, University of Illinois Smaller numbers could push feeder cattle prices even higher and squeeze feeding margins for cattle feeders. The feeding sector also should expect competition from larger supplies of pork and chicken...
Financial Times  May 27  Comment 
US lean hog prices up 37 per cent in the year to date, while the price of CME feeder cattle close to record highs, up 16 per cent in the year to date
Southeast Farm Press  Nov 18  Comment 
By Andrew Griffith, Agricultural Economist, University of Tennessee Demand for stocker and feeder cattle remains strong as most of the lightweight calves are headed for stockpiled grasses or...
Mondo Visione  Nov 5  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an enforcement action in the U.S. District Court for the Northern District of Illinois against James C. Yadgir of Palatine, Illinois, charging Yadgir with exceeding...




 

Feeder Cattle futures are traded on the Chicago Mercantile Exchange under ticker symbol FC in cents per pound. For electronic trading sessions, the symbol GF is used.[1]

"Feeder Cattle" refers to the young animals (weighing between 650 and 849 pounds) that are sent to feedlots to be finished into "fed" cattle. This is different from live cattle, which are older cattle nearer to slaughter.

The chart at left shows front-month Feeder Cattle Futures prices on the Chicago Mercantile Exchange in dollars per gallon.

Delivery Dates

Feeder Cattle futures are delivered every year in January, March, April, May, August, September, October, & November.[1]

The following is a table with feeder cattle futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009FCF9FC/F9-CM
March, 2009FCH9FC/H9-CM
April, 2009FCJ9FC/J9-CM
May, 2009FCK9FC/K9-CM
August, 2009FCQ9FC/Q9-CM
September, 2009FCU9FC/U9-CM
October, 2009FCV9FC/V9-CM
November, 2009FCX9FC/X9-CM

Contract Specifications

Contract Size

One Feeder Cattle futures contract on the Chicago Mercantile Exchange is 50,000 pounds.[1]

Daily Price Limit

$.03 per pound above or below the previous day's settlement price. [1]

Last Trading Day

Trading of Feeder Cattle futures contracts on the Chicago Mercantile Exchange ends on the last Thursday of the contract month with exceptions for November and other months, 12:00 p.m..[1]

Trading Hours

  • On the CME Globex electronic platform: Monday 9:05 AM through Friday 1:55 PM with daily trading halts from 4:00 PM - 5:00 PM, US Central Time.[1]
  • Open Outcry (pit session): Monday through Friday, 9:05 AM to 1:00 PM.[1]

Deliverable Grades

Deliverable Feeder Cattle grades for futures contracts on the Chicago Mercantile Exchange are: 650-849 pound steers, medium-large #1 and medium-large #1-2.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The Chicago Mercantile Exchange's contract specification for Feeder Cattle futures
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