Live Cattle Futures

QUOTE AND NEWS
Benzinga  1 hr ago  Comment 
Live Cattle futures traded rangebound and ended the session firm on Wednesday. At last check, August Live Cattle was trading 151.32, up 0.70 and October Cattle was trading at 153.22, up 0.62. Wednesday's USDA Cattle slaughter was 117,000 head...
Benzinga  5 hrs ago  Comment 
August Cattle is trading at 149.95, down 0.67. October cattle is trading at 151.95, down 0.65. Chatter about increased supplies ahead has been making the rounds and led to some selling. Trading is choppy and a little range bound. Chatter...
Benzinga  6 hrs ago  Comment 
August Cattle is trading at 150.35, down 0.27. October cattle is trading at 152.40, down 0.40. Chatter about some increased supplies has been making the rounds. Trading is steady and a little rangebound early in the session on Wednesday. June...
Benzinga  May 26  Comment 
Tuesday' s USDA Cattle slaughter was 115,000 head versus a year ago at 121,000 head. Live Cattle futures traded rangebound on Tuesday and ended the session with little change. At last check August Cattle was trading at 150.62, down 0.07 and...
Benzinga  May 26  Comment 
June Live Cattle is trading at 152.30, up 0.17. August Cattle is trading at 150.95, up 0.22. October cattle is trading at 152.92, up 0.32. Chatter about some short term demand issues has been making the rounds. Traders are still worried about...
Benzinga  May 22  Comment 
Friday's USDA Cattle slaughter was 109,000 head versus a year ago at 114,000 head. Live Cattle futures traded range-bound on Friday after the USDA Cattle on Feed report came out. June Live Cattle was trading 152.02, down 0.35 and August Cattle...
Benzinga  May 22  Comment 
Benzinga  May 21  Comment 
Thursday's USDA Cattle slaughter was 113,000 head versus a year ago at 117,000 head. Live Cattle futures traded mostly higher on Thursday ahead of the USDA Cattle on Feed report due out after the close on Friday. June Live Cattle was trading...
Benzinga  May 21  Comment 
June Live Cattle is trading at 152.72, up 1.37. August Cattle is trading at 150.75, up 1.02. October cattle is trading at 152.17, up 0.77. The USDA will release its monthly Cattle on Feed report Friday afternoon after the close. Chatter about...
Benzinga  May 20  Comment 
Live Cattle futures traded mostly lower on Wednesday and trading was range-bound. June Live Cattle was trading 151.65, down 0.32. August Cattle was trading at 149.97, down 0.62. Wednesday's USDA Cattle slaughter was 112,000 head versus a year...
Benzinga  May 20  Comment 
Benzinga  May 20  Comment 
June Live Cattle is trading at 151.95, down 0.02. August Cattle is trading at 150.55, down 0.05. October cattle is trading at 151.95, down 0.05. Trading is range-bound. More choppy trading is expected. Some talk that cash markets have become...




 

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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