Live Cattle Futures

QUOTE AND NEWS
Benzinga  Nov 28  Comment 
Monday's USDA cattle slaughter was 114,000 head versus a year ago at 108,000 head. December live cattle is trading at 109.15, down 1.60 cents/lb. February live cattle is trading at 110.83, down 1.37 cents/lb. April live cattle settled at 110.55,...
Benzinga  Nov 28  Comment 
December live cattle is trading at 110.25, down 0.47 cents/lb. February live cattle is trading at 111.55, down 0.67 cents/lb. April live cattle is trading at 111.12, down 0.45 cents/lb. Live cattle futures have moved down just after the open....
Benzinga  Nov 25  Comment 
Friday's USDA cattle slaughter was 114,000 head versus a year ago at 94,000 head. Thursday's slaughter was 2,000 head. December live cattle settled 110.72, up 1.05 cents/lb. February live cattle settled at 112.12, up 1.32 cents/lb. April live...
Benzinga  Nov 25  Comment 
December live cattle is trading at 110.75, up 1.07 cents/lb. February live cattle is trading at 111.87, up 1.07 cents/lb. April live cattle is trading at 111.35, up 0.97 cents/lb. Live cattle futures are trading just under the session...
Benzinga  Nov 23  Comment 
December live cattle is trading at 109.02, down 0.32 cents/lb. February live cattle is trading at 109.90, down 0.27 cents/lb. April live cattle is trading at 109.50, down 0.35 cents/lb. Live cattle futures are trading choppy and a little lower...
Benzinga  Nov 22  Comment 
Tuesday's USDA cattle slaughter was 116,000 head versus a year ago at 111,000 head. December live cattle is trading at 109.35, up 0.30 cents/lb. February live cattle is trading at 110.22, up 0.65 cents/lb. April live cattle is trading at 109.82,...
Benzinga  Nov 22  Comment 
December live cattle is trading at 108.55, down 0.47 cents/lb. February live cattle is trading at 109.30, down 0.27 cents/lb. April live cattle is trading at 109.22, down 0.30 cents/lb. Live cattle futures are trading choppy and a little lower...
Benzinga  Nov 21  Comment 
Monday's USDA cattle slaughter was 116,000 head versus a year ago at 110,000 head. December live cattle is trading at 108.97, up 0.65 cents/lb. February live cattle is trading at 109.52, up 0.67 cents/lb. April live cattle is trading at 109.40,...
Benzinga  Nov 21  Comment 
December live cattle is trading at 109.32, up 1.00 cents/lb. February live cattle is trading at 109.70, up 0.85 cents/lb. April live cattle is trading at 109.72, up 0.82 cents/lb. Live cattle futures are trading higher just after the open....
Benzinga  Nov 18  Comment 
Friday's USDA cattle slaughter was 115,000 head versus a year ago at 108,000 head. December live cattle is trading at 108.20, down 0.02 cents/lb. February live cattle is trading at 108.77, down 0.02 cents/lb. April live cattle is trading at...




 

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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