Live Cattle Futures

QUOTE AND NEWS
The Times of India  Mar 22  Comment 
USA-LIVESTOCK/CME:CME live cattle futures surge; hogs turn up
Agrimoney.com  Mar 16  Comment 
The bank slaps a 'buy' on live cattle futures, saying current prices are unsustainably low, but says the recovery may take a while to gather pace
Benzinga  Mar 14  Comment 
Tuesday's USDA cattle slaughter was 112,000 head versus 113,000 head a year ago. April live cattle is trading at 116.25, down 1.50 cents/lb. June live cattle is trading at 106.80, down 1.30 cents/lb. August live cattle is trading at 102.80,...
Benzinga  Mar 14  Comment 
April live cattle is trading at 117.20, down 0.55 cents/lb. June live cattle is trading at 107.65, down 0.45 cents/lb Live cattle futures are trading lower after a steady to higher trade early on. Trading is choppy. Chatter about cash prices...
Benzinga  Mar 13  Comment 
Monday's USDA cattle slaughter was 116,000 head versus 111,000 head a year ago. April live cattle is trading at 117.65, up 0.05 cents/lb. June live cattle is trading at 108.05, up 0.55 cents/lb. August live cattle is trading at 103.55, up 0.50...
Benzinga  Mar 12  Comment 
Friday's USDA cattle slaughter was 104,000 head versus 101,000 head a year ago. Saturday's USDA cattle slaughter was estimated to be 29,000 head versus 9,000 head a year ago. The total cattle slaughter for last week was 587,000 head versus...
Benzinga  Mar 10  Comment 
April live cattle is trading at 116.80, up 0.30 cents/lb. June live cattle is trading at 106.90, up 0.17 cents/lb Live cattle futures are trading steady to higher just after the open. Chatter about cash prices ahead and demand impacts...
Benzinga  Mar 9  Comment 
Thursday's USDA cattle slaughter was 110,000 head versus 108,000 head a year ago. April live cattle is trading at 116.32, up 0.35 cents/lb. June live cattle is trading at 106.52, up 0.27 cents/lb. August live cattle is trading at 102.27, up...
Benzinga  Mar 8  Comment 
Wednesday's USDA cattle slaughter was 115,000 head versus 112,000 head a year ago. April live cattle is trading at 115.92, up 0.57 cents/lb. June live cattle is trading at 106.17, up 0.55 cents/lb. August live cattle is trading at 101.97, up...
Benzinga  Mar 8  Comment 
April live cattle is trading at 115.57, up 0.22 cents/lb. June live cattle is trading at 105.87, up 0.25 cents/lb August live cattle is trading at 101.75, up 0.27 cents/lb. Live cattle futures have erased the early session gains in rapid...




 

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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