Live Cattle Futures

QUOTE AND NEWS
Benzinga  1 hr ago  Comment 
Live Cattle futures have bounced back from down the limit. February Cattle is down 1.27 at 153.17. April Live Cattle is down 1.575 at 151.37. March Feeder Cattle is trading at 203.70, down 1.15. Lean Hogs are sharply lower, while February Hogs...
Benzinga  3 hrs ago  Comment 
Live Cattle Futures opened lower and are now down the limit of 3.00 points. February Cattle is down the limit at 151.45, down 3.00. April Live Cattle is down the limit at 149.45, down 3.00. March Feeder Cattle is trading at 200.95, down...
Benzinga  4 hrs ago  Comment 
Feeder Cattle futures are higher. February Cattle is trading at 154.07, down 0.40. April Live Cattle is down 0.725 at 152.25. March Feeder Cattle is trading at 205.42, up 0.67. Chatter is talking about choppy trading and a wide range. © 2015...
Benzinga  Jan 16  Comment 
February Cattle settled at 154.45, up 0.25 after being lower early in the day. April Live Cattle was also a bit higher at 152.95. March Feeder Cattle settled at 204.85, down 0.75. USDA Cattle Slaughter Friday was 92,000 head versus a year ago at...
Agrimoney.com  Jan 16  Comment 
Beef processors return to the black, thanks to a downturn in live cattle prices - which may have helped push feedlots back into the red
Benzinga  Jan 16  Comment 
February Cattle is trading at 154.40, up 0.20. April Live Cattle is trading at 152.40, down 0.42. March Feeder Cattle is down sharply at 204.97. Trading is expected to continue to be very choppy. © 2015 Benzinga.com. Benzinga does not provide...
Benzinga  Jan 16  Comment 
February Cattle is trading at 153.40, down 0.80. April Live Cattle is trading at 151.75, down 1.00. March Feeder Cattle is down sharply at 202.12. Trading is expected to continue to be very choppy. Chatter about fund selling to dis-invest and...
Benzinga  Jan 15  Comment 
February Cattle is down 1.00 at 154.75, April Live Cattle is down at 152.87 and March Feeder Cattle is down 4.0 at 205.05. Trading is weak and very choppy. Global concerns are featured in chatter. Lean hogs are trading mixed. February Hogs are...
Benzinga  Jan 15  Comment 
February Cattle is up 0.80 at 156.55, April Live Cattle is up 0.40 at 154.72 and March Feeder Cattle is lower at 210.00. Trading is expected to continue to be very choppy. Chatter about fund selling to disinvest is making the rounds. Cattle is...
Benzinga  Jan 14  Comment 
Live Cattle Futures had been higher early on in the session and gave back gains as the afternoon wore on. During the the last minutes of trading before settlement for the day, Live Cattle sold off sharply. February Cattle is trading 155.77, down...




 

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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