Live Cattle Futures

QUOTE AND NEWS
Benzinga  Apr 8  Comment 
Live Cattle futures traded mostly lower Wednesday. June Live Cattle was trading at 151.10, down 1.22 and trading weak. August Live cattle was trading at 148.20, down 0.70. Wednesday's USDA Cattle slaughter was 107,000 head versus a year ago at...
Benzinga  Apr 7  Comment 
Tuesday's USDA Cattle slaughter was 110,000 head versus a year ago at 119, 000 head. Live Cattle futures traded very choppy with a wide range and closed higher Monday. June Live Cattle was trading at 152.25, up 0.47. August Live cattle was trading...
Benzinga  Apr 7  Comment 
Benzinga  Apr 6  Comment 
Monday's USDA Cattle slaughter was 96,000 head versus a year ago at 114,000 head. Live Cattle futures traded choppy Monday and closed lower after a firm session early on. At last check, June Live Cattle was trading at 152.05, down 1.35 and...
Benzinga  Apr 6  Comment 
Market chatter that strong cash is supportive continues to bring buyers in. June Live Cattle is trading at 154.07, up 0.70. August Cattle is trading at 150.27, up 0.47. Trading is firm, choppy trading is expected. Some chatter about demand...
Benzinga  Apr 2  Comment 
Thursday's USDA Cattle slaughter was 103,000 head versus a year ago at 118.000 head. Live Cattle futures traded mostly higher Thursday. Trading was steady and firm during the session. June Live Cattle was trading at 153.32, up 1.10. August Live...
Benzinga  Apr 1  Comment 
Wednesday's USDA Cattle slaughter was 96,000 head versus a year ago at 117.000 head. Live Cattle futures had a wide trading range Wednesday. Trading was steady and higher early during the session. Market talk about some demand concerns surfaced...
Benzinga  Apr 1  Comment 
Market talk about some demand concerns continue. Some chatter about the choppy stock market, the strong Dollar and competition from poultry has led to a sideways market. June Live Cattle is trading at 152.53, up 0.17. August Cattle is trading at...
Benzinga  Mar 31  Comment 
Tuesday's USDA Cattle slaughter was 109,000 head versus a year ago at 119.000 head. Live Cattle futures traded mostly lower on Tuesday. Market talk about some demand concerns surfaced and some light selling was seen during the session. Trading...
Benzinga  Mar 31  Comment 
June Live Cattle is trading at 152.95, down 0.02. August Cattle is trading at 150.20, down 0.07. Trading is steady. Some talk that prices are in line with cash has led to range-bound trading early Tuesday. Chatter that month end pricing may create...
Benzinga  Mar 30  Comment 
Monday's USDA hog slaughter was 435,000 head versus a year ago at 397,000 head. Lean Hogs futures traded higher and choppy on Monday after a weak open. June Hogs were trading at 75.42, up 0.42. August Lean Hogs were trading at 77.25, up 0.67....




 

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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