Live Cattle Futures

QUOTE AND NEWS
Benzinga  6 hrs ago  Comment 
Thursday's USDA Cattle slaughter was 113,000 head versus a year ago at 117,000 head. Live Cattle futures traded mostly higher on Thursday ahead of the USDA Cattle on Feed report due out after the close on Friday. June Live Cattle was trading...
Benzinga  12 hrs ago  Comment 
June Live Cattle is trading at 152.72, up 1.37. August Cattle is trading at 150.75, up 1.02. October cattle is trading at 152.17, up 0.77. The USDA will release its monthly Cattle on Feed report Friday afternoon after the close. Chatter about...
Benzinga  May 20  Comment 
Live Cattle futures traded mostly lower on Wednesday and trading was range-bound. June Live Cattle was trading 151.65, down 0.32. August Cattle was trading at 149.97, down 0.62. Wednesday's USDA Cattle slaughter was 112,000 head versus a year...
Benzinga  May 20  Comment 
Benzinga  May 20  Comment 
June Live Cattle is trading at 151.95, down 0.02. August Cattle is trading at 150.55, down 0.05. October cattle is trading at 151.95, down 0.05. Trading is range-bound. More choppy trading is expected. Some talk that cash markets have become...
Benzinga  May 19  Comment 
Live Cattle futures traded on both sides of unchanged on Tuesday before moving a little higher in the afternoon. June Live Cattle was trading 152.05, up 0.45. August Cattle was trading at 150.67, up 0.65. Tuesday's USDA Cattle slaughter was...
Benzinga  May 19  Comment 
Benzinga  May 18  Comment 
Monday's USDA Cattle slaughter was 114,000 head versus a year ago at 118,000 head. Live cattle futures traded a little lower during a choppy trading session. June Live Cattle was trading 151.70, down 0.82. August Cattle was trading at 150.15,...
Benzinga  May 18  Comment 
June Live Cattle is trading at 151.60, down 0.92. August Cattle is trading at 149.80, down 1.00. Chatter about the discount of futures to cash is making the rounds. Market talk about more cattle available this summer has led to a little selling....
Benzinga  May 15  Comment 
Friday's USDA Cattle slaughter was 111,000 head versus a year ago at 113,000 head. Live cattle futures traded choppy with a wide range. June Live Cattle was trading lower at 152.25, down 1.25. August Cattle was trading at 150.80, down 1.27. ©...
Benzinga  May 15  Comment 
Benzinga  May 15  Comment 
June Live Cattle is trading at 154.05, up 0.27. August Cattle is trading at 152.25, up 0.10. Trading is expected to remain choppy. Sellers are seen near 155.17 and buyers are near 152.90 and a little lower. Chatter about firm cash has been...
Benzinga  May 14  Comment 
Thursday's USDA Cattle slaughter was 114,000 head versus a year ago at 118,000 head. June Live Cattle was trading sharply higher and near the highs of the trading session at 154.25, up 2.30. August Cattle was trading at 152.45, up 1.80. Trading...




 

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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