Live Cattle Futures

QUOTE AND NEWS
Benzinga  Aug 26  Comment 
Wednesday's USDA cattle slaughter was 108,000 head versus a year ago at 116,000 head. Live Cattle futures traded weak for most of the session extending Tuesday's losses. Some late buying moved prices off lows of the session. At last check,...
The Australian  Aug 10  Comment 
Soaring Indonesian beef prices has prompted a rethink over Australian live cattle import cuts.
Benzinga  Aug 7  Comment 
Friday's USDA cattle slaughter was 107,000 head versus a year ago at 114,000 head. Live cattle futures traded rangebound on both sides of unchanged for most of Friday's trading session. October Live Cattle was trading at 148.65, down 0.20 and...
Benzinga  Aug 6  Comment 
Thursday's USDA cattle slaughter was 109,000 head versus a year ago at 115,000 head. Live cattle futures traded firm for most of the trading session. October Live Cattle was trading at 148.77, up 0.60 and December Live Cattle was trading at...
Benzinga  Aug 5  Comment 
Wednesday's USDA cattle slaughter was 102,000 head versus a year ago at 114,000 head. Live cattle futures traded rangebound and a little choppy around the unchanged level for most of the trading session. October Live Cattle was trading at...
Benzinga  Aug 4  Comment 
Tuesday's USDA cattle slaughter was 112,000 head versus a year ago at 114,000 head. Live cattle futures traded range bound on Tuesday. October Live Cattle was trading at 148.07, down 0.02 and December Live Cattle was trading at 149.67, up...
Benzinga  Aug 4  Comment 
Cattle futures are trading a little higher Tuesday morning after Monday sharp rally. October Cattle is trading at 148.55, up 0.45 and December Cattle is trading at 150.02, up 0.60. Trading is expected to remain very choppy with possible wide...
Benzinga  Aug 3  Comment 
Monday's USDA cattle slaughter was 107,000 head versus a year ago at 110,000 head. Live cattle futures traded sharply higher from the opening on Monday. October Live Cattle was trading at 148.05, up 2.35 and December Live Cattle was trading at...
Benzinga  Aug 3  Comment 
Live Cattle futures have moved up Monday morning. October Live Cattle is trading at 147.95, up 2.05 and December Live Cattle is trading firm at 149.27, up 1.87. Market chatter about firm cash and possible better demand is making the rounds....
Benzinga  Jul 31  Comment 
Friday's USDA cattle slaughter was 103,000 head versus a year ago at 115,000 head. Live cattle futures ended Friday's trading session lower after early gains eroded during the latter part of the trading day. October Live Cattle was 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]

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki