Live Cattle Futures

QUOTE AND NEWS
Agrimoney.com  Oct 20  Comment 
Futures in live cattle return close to record highs. But the benefit to feedlots is curtailed by a rise in prices of feeder cattle too
SeekingAlpha  Oct 6  Comment 
By Andrew Hecht: Animal protein or meat markets showed mixed results in Q3 with the cattle "bull" market continuing its stampede higher. Hog prices moved lower for the quarter. Meats are the best-performing commodity sector for 2014 as of the end...
Mondo Visione  Sep 24  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Kennith Wayne Thrasher (Kennith Thrasher) and his son, Kennith Luke Thrasher (Luke Thrasher), for exceeding the spot...
WA Business News  Aug 26  Comment 
Palmer apology too late to stop cattle trade backlash China has gone cold on moves to open its shores to live cattle imports from Australia after businessman Clive Palmer’s outburst against WA’s most important trade partner. The West
SeekingAlpha  Aug 6  Comment 
By Matthew Bradbard: The cattle market has been overbought for the last week with futures currently trading 2.4% off recent highs made 7/28. The discount of futures to cash of late and the outlook for tight supplies in the future should keep the...
The Australian  May 2  Comment 
THE billionaire is looking to increase live cattle exports.
SeekingAlpha  May 2  Comment 
By Jeff Malec: Commodities have been a hot topic for financial bloggers this year. All Star Charts goes as far as to proclaim this year, as the year of the commodities. It’s not that hard to come to such a conclusion after looking at his chart...
WA Business News  Mar 3  Comment 
WA, SA farm incomes up to record high Broad-acre farmers in Western Australia and South Australia are on track to generate record income as bumper crops and improving live cattle exports lift the fortunes for primary producers. The Fin
Agrimoney.com  Jan 2  Comment 
Both feeder and live cattle futures have risen for five successive years. Will they make it six? Or will consumers reject elevated beef prices?
Sydney Morning Herald  Dec 18  Comment 
An investigation suggests that a handful of employees were responsible for accounting irregularities in Elders' live cattle export business.     




 

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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