Live Cattle Futures

QUOTE AND NEWS
Benzinga  Jul 17  Comment 
Friday's USDA cattle slaughter was 102,000 head versus a year ago at 113,000 head. August Live Cattle was trading at 146.80, up 0.30 and October Cattle was trading at 149.32, down 0.10. The USDA is scheduled to release Cattle on Feed data on...
Benzinga  Jul 17  Comment 
August Cattle is trading at 146.30, down 0.20. October Cattle is trading at 149.22, down 0.20 and December Cattle is trading at 151.17, down 0.22. Demand concerns continue to make the rounds. Trading is expected to be choppy and rangebound with...
Benzinga  Jul 16  Comment 
Thursday's USDA cattle slaughter was 111,000 head versus a year ago at 118,000 head. Live cattle futures traded moderately lower on Thursday. August Live Cattle was trading at 146.40, down 0.62 and October Cattle was trading at 149.32, down...
Benzinga  Jul 16  Comment 
Benzinga  Jul 16  Comment 
August Cattle is trading at 146.90, down 0.12 and October Cattle is trading at 149.97, down 0.25. Trading is expected to be choppy and rangebound with possible wide ranges on both sides of unchanged. Market chatter that Kansas bids for cash are...
Benzinga  Jul 15  Comment 
Wednesday's USDA cattle slaughter was 104,000 head versus a year ago at 117,000 head. Live cattle futures traded choppy and on both sides of unchanged before ending the session near unchanged. August Live Cattle was trading at 147.07, down 0.07...
Benzinga  Jul 15  Comment 
Benzinga  Jul 15  Comment 
Live Cattle futures are trading a little lower Wednesday morning. August Cattle is trading at 146.77, down 0.40 and October Cattle is trading at 149.87, down 0.47. Trading is a little choppy. Market talk about high prices and overall higher...
Benzinga  Jul 14  Comment 
Tuesday's USDA cattle slaughter was 112,000 head versus a year ago at 115,000 head. Live cattle futures traded choppy and on both sides of unchanged. August Live Cattle was trading at 147.10, up 0.50 and October Cattle was trading at 150.20, up...
Benzinga  Jul 14  Comment 
Live Cattle futures are trading steady Tuesday morning. August Cattle is trading at 146.52, down 0.10 and October Cattle is trading at 149.57, down 0.15. Market chatter about Beef prices at 13-month lows has kept trading active. Market talk that...
Benzinga  Jul 13  Comment 
Monday's USDA cattle slaughter was 110,000 head versus a year ago at 116,000 head. Live cattle futures traded mostly lower and choppy. August Live Cattle was trading at 146.75, down 0.72 and October Cattle was trading at 149.80, down 0.62. ©...
Benzinga  Jul 13  Comment 
Benzinga  Jul 10  Comment 
Live Cattle futures are trading lower Friday. August Live Cattle is trading at 147.60, down 0.87 and October live Cattle is trading at 150.72, down 1.07. Trading is very choppy. Market chatter about less than stellar demand and chatter about...
Benzinga  Jul 10  Comment 




 

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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