Live Cattle Futures

QUOTE AND NEWS
Benzinga  Jun 17  Comment 
Wednesday's USDA Cattle slaughter was 96,000 head versus a year ago at 116,000 head. Live Cattle future traded lower and a little weak during a choppy trading session on Wednesday. August Live Cattle was trading 150.82, down 0.40 and October...
Benzinga  Jun 16  Comment 
Tuesday's USDA Cattle slaughter was 113,000 head versus a year ago at 116,000 head. Live Cattle traded choppy and on both sides on unchanged on before ending the session little higher. August Live Cattle was trading 151.35, up 0.20 and October...
Benzinga  Jun 16  Comment 
Benzinga  Jun 12  Comment 
Live Cattle futures sank Friday on market chatter about weaker than expected cash prices and general selling. At last check August Live Cattle was trading at 150.82, down 2.10 and October Cattle was trading at 153.30, down 1.75. June Cattle in...
Benzinga  Jun 12  Comment 
Benzinga  Jun 11  Comment 
Live Cattle futures are little changed Thursday morning. August Cattle is trading at 153.60, up 0.07. October cattle is trading at 155.45, up 0.07. Trading is expected to be choppy with possible wide ranges. On Wednesday the USDA revised 2015...
Benzinga  Jun 10  Comment 
Wednesday's USDA Cattle slaughter was 91,000 head versus a year ago at 114,000 head. Live Cattle futures traded firm and choppy on Wednesday; at last check August Live Cattle was trading 155.85 up 0.82 and October Cattle was trading at 153.70,...
Benzinga  Jun 10  Comment 
Live Cattle futures are little changed Wednesday morning after Tuesday's move higher. August Cattle is trading at 153.17, up 0.30. October cattle is trading at 154.95, up 0.07. Trading is expected to be choppy with possible wide ranges. Chatter...
Benzinga  Jun 9  Comment 
Tuesday's USDA Cattle slaughter was 112,000 head versus a year ago at 117,000 head. Live Cattle futures traded firm on Tuesday and prices were near the highs of the session at the end of the day. August Live Cattle was trading at 152.92, up 1.32...
Benzinga  Jun 9  Comment 
Live Cattle futures are little changed Tuesday morning. August Cattle is trading at 151.80, up 0.20. October cattle is trading at 153.80, up 0.15. Trading is expected to be choppy with possible wide ranges. Chatter about better demand for the...
Benzinga  Jun 8  Comment 
Monday's USDA Cattle slaughter was 112,000 head versus a year ago at 112,000 head. Live Cattle futures traded higher Monday after a steady open and ended the session near the highs. At last check August Live Cattle was trading 151.62 up 1.05...
Benzinga  Jun 8  Comment 
Live Cattle futures are little changed Monday morning. August Cattle is trading at 150.40, down 0.15. October cattle is trading at 152.35, down 0.02. Trading is expected to be choppy with possible wide ranges. Market talk about the futures...




 

This article refers to the specific commodity. For beef prices in general, see the article on Beef Prices.

Live Cattle refers to cattle (cows) that have reached the requisite weight for slaughter. This is different from feeder cattle, which are the younger animals that are still in the process of being fed into fished "fed" cattle.

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

The chart at left shows Front Month Live Cattle Futures prices on the Chicago Mercantile Exchange (CME) in cents per pound.


Delivery Dates

Live Cattle futures are delivered every year in February, April, June, August, October, and December[1]

The following is a table with Live 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
February, 2009LCG9LC/G9-CM
April, 2009LCJ9LC/J9-CM
June, 2009LCM9LC/M9-CM
August, 2009LCQ9LC/Q9-CM
October, 2009LCV9LC/Q9-CM
December, 2009LCZ9LC/Z9-CM

Contract Specifications

Contract Size

One Live Cattle futures contract on the Chicago Mercantile Exchange is 40,000 pounds.[1]

Daily Price Limit

$0.03 per pound above or below the previous day's settlement price. [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]

Last Trading Day

Trading of Live 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]

Deliverable Grades

Deliverable Live Cattle grades for futures contracts on the Chicago Mercantile Exchange are: 55% Choice, 45% Select, Yield Grade 3 live steers.[1]

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