Live Cattle Futures

QUOTE AND NEWS
Benzinga  3 hrs ago  Comment 
Friday's USDA Cattle slaughter was 111,000 head versus a year ago at 117,000 head. Live Cattle futures traded mostly range-bound and choppy on Friday. August Live Cattle was trading 148.62, up 0.05 and October Cattle was trading at 151.00, down...
Benzinga  8 hrs ago  Comment 
Benzinga  Jun 25  Comment 
Thursday's USDA Cattle slaughter was 112,000 head versus a year ago at 115,000 head. Live Cattle futures traded sharply lower on Thursday. Trading was choppy and some recovery in prices was seen near the end of the trading session. August Live...
Benzinga  Jun 24  Comment 
Wednesday's USDA Cattle slaughter was 104,000 head versus a year ago at 117,000 head. Live Cattle futures moved down on Wednesday. Trading was choppy and weak near the end of the trading session. At last check August Live Cattle was trading...
Benzinga  Jun 23  Comment 
Tuesday's USDA Cattle slaughter was 113,000 head versus a year ago at 115,000 head. Live Cattle futures traded mostly steady and on both sides of unchanged. August Live Cattle was trading 151.95, up 0.05 and October Cattle was trading at 154.40,...
Benzinga  Jun 23  Comment 
Live Cattle futures are trading a little lower Tuesday morning after Monday's late session move higher. August Cattle is trading at 151.75, down 0.15. October Cattle is trading at 154.42, down 0.15. Trading is range-bound. Market chatter about...
Benzinga  Jun 22  Comment 
Monday's USDA Cattle slaughter was 111,000 head versus a year ago at 115,000 head. Live Cattle futures opened steady and traded mostly higher during the trading session. Some general buying was occurring near the end of Monday's trading session....
Benzinga  Jun 22  Comment 
Live Cattle futures are trading a little lower Monday morning. August Cattle is trading at 150.60, down 0.07. October Cattle is trading at 153.12, down 0.12. Trading is range-bound. The USDA Cold Storage data is due out on Monday afternoon....
Benzinga  Jun 19  Comment 
Friday 's USDA Cattle slaughter was 109,000 head versus a year ago at 117,000 head. Live Cattle futures traded higher after a steady open on Friday. August Live Cattle was trading 150.70, up 1.35 and October Cattle was trading at 153.25, up...
Benzinga  Jun 19  Comment 
Benzinga  Jun 18  Comment 
Live Cattle futures are trading choppy and lower on Thursday. August Cattle is trading at 149.60, down 1.00. October cattle is trading at 152.00, down 0.95. Market chatter about the USDA Monthly Cattle of Feed report set for release on Friday...
Benzinga  Jun 17  Comment 
Wednesday's USDA Cattle slaughter was 96,000 head versus a year ago at 116,000 head. Live Cattle future traded lower and a little weak during a choppy trading session on Wednesday. August Live Cattle was trading 150.82, down 0.40 and October...




 

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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