Feeder Cattle Futures

QUOTE AND NEWS
Agrimoney.com  Jul 21  Comment 
In fact, beef signals suggest live cattle price revival. Should markets be worrying that feeder cattle are poised for a "multi-year bear market"?
Agrimoney.com  Jun 19  Comment 
Feedlots are "sandwiched" between rising feeder cattle prices, and less buoyant values of fattened animals - which may be reflected in data on Friday
Agrimoney.com  Jun 4  Comment 
Societe Generale raises its forecast for feeder cattle futures, but to levels below the futures curve, seeing improved supplies ahead
Benzinga  Feb 9  Comment 
Live Cattle Futures are trading sharply higher Monday and trading is firm. April Cattle is up 3.40 at 154.47. June Cattle is up 2.75 at 147.00. March Feeder Cattle is up 4.50 at 203.95. Lean hogs are trading lower Monday. April Hogs are down...
Benzinga  Jan 26  Comment 
February Cattle settled the up and down session lower at 149.82. April Live Cattle settled at 147.90, down 0.80. March Feeder Cattle settled at 199.97, down 1.85. Trading was extremely choppy, with a wide price range. Monday's USDA Cattle...
Agrimoney.com  Jan 26  Comment 
The bank says that a bigger-than-expected slide in placements of cattle on US feedlots reflects softer demand rather than a squeeze on supplies
Benzinga  Jan 26  Comment 
Live Futures are sharply higher and Feeder Cattle Futures have recovered most of the early morning losses. March Feeder Cattle is trading 201.35. April Live Cattle is trading at 150.02, up 1.50. February Cattle is up 2.15 at 152.50. Trading is...
Benzinga  Jan 26  Comment 
Feeder Cattle Futures are trading sharply lower under expanded limits on Monday. March Feeder Cattle has plunged and is trading 6.07 points lower at 195.75. April Live Cattle is at 147.05, down 1.75. © 2015 Benzinga.com. Benzinga does not...
Agrimoney.com  Jan 22  Comment 
Macquarie foresees feeder cattle prices remaining high well into 2016. But will cow-calf producers succumb to the temptation to sell at high values?
Benzinga  Jan 22  Comment 
February Cattle is trading lower at 153.32, down 0.50. April Live Cattle is lower at 151.62, down 0.25. March Feeder Cattle is lower at 204.70, down 0.60. Trading is expected to be choppy and some talk about winter weather in Texas is making the...




 

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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