Live Cattle Futures

QUOTE AND NEWS
Benzinga  Jul 29  Comment 
Friday's USDA cattle slaughter was 112,000 head versus a year ago at 103,000 head. August live cattle is trading at 113.00, down 0.32 cents/lb. October live cattle is trading at 111.60, down 0.50 cents/lb. December live cattle is trading...
Benzinga  Jul 29  Comment 
August live cattle is trading at 113.10, down 0.22 cents/lb. October live cattle is trading at 111.72, down 0.30 cents/lb. December live cattle is trading at 112.25, down 0.42 cents/lb. Live cattle futures are trading a little lower just after...
Benzinga  Jul 28  Comment 
Thursday's USDA cattle slaughter was 111,000 head versus a year ago at 109,000 head. August live cattle is trading at 113.32, down 0.62 cents/lb. October live cattle is trading at 112.12, down 0.92 cents/lb. December live cattle is trading at...
Benzinga  Jul 28  Comment 
August live cattle is trading at 114.05, up 0.10 cents/lb. October live cattle is trading at 112.92, down 0.12 cents/lb. December live cattle is trading at 113.75, down 0.15 cents/lb. Live cattle futures are trading steady just after the open...
Benzinga  Jul 27  Comment 
Wednesday's USDA cattle slaughter was 123,000 head versus a year ago at 120,000 head. August live cattle is trading at 113.80, down 0.07 cents/lb. October live cattle is trading at 112.87, up 0.30 cents/lb. December live cattle is trading...
Benzinga  Jul 27  Comment 
August live cattle is trading at 113.60, down 0.27 cents/lb. October live cattle is trading at 112.20, down 0.37 cents/lb. December live cattle is trading at 112.97, down 0.37 cents/lb. Live cattle futures are trading lower just after the open...
Benzinga  Jul 26  Comment 
Tuesday's USDA cattle slaughter was 114,000 head versus a year ago at 108,000 head. August live cattle is trading at 113.87, up 0.92 cents/lb. October live cattle is trading at 112.57, up 1.50 cents/lb. December live cattle is trading at...
Benzinga  Jul 26  Comment 
August live cattle is trading at 113.07, up 0.12 cents/lb. October live cattle is trading at 111.85, up 0.82 cents/lb. December live cattle is trading at 112.50, up 0.30 cents/lb. Live cattle futures are trading higher after Monday's move up...
Benzinga  Jul 25  Comment 
August live cattle is trading at 111.52, up 1.57 cents/lb. October live cattle is trading at 109.72, up 1.65 cents/lb. December live cattle is trading at 110.62, up 1.42 cents/lb. Live cattle futures are trading higher just after the open...
Benzinga  Jul 22  Comment 
August live cattle is trading at 109.90, up 2.40 cents/lb. October live cattle is trading at 108.12 ,up 2.42 cents/lb. December live cattle is trading at 109.12, up 1.85 cents/lb. August lean hogs are trading at 75.25, up 0.80 cents/lb. 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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