Live Cattle Futures

QUOTE AND NEWS
Benzinga  Apr 13  Comment 
Wednesday's USDA Cattle slaughter was 110,000 head versus a year ago at 108,000 head. June Live Cattle is trading at 121.47, down 1.47 cents/lb. August Live Cattle is trading at 117.32, down 1.00 cents/lb. October Live Cattle is trading at...
Benzinga  Mar 21  Comment 
April Live Cattle is trading at 139.20, down 0.62 cents/lb. June Live Cattle is trading at 128.35, down 0.75 cents/lb. August Live Cattle is trading at 122.57, down 0.75 cents/lb. Live cattle futures are trading lower, market chatter about the...
Agrimoney.com  Jan 4  Comment 
Live cattle futures fell by 18% last year. Still, losses would have been far bigger were it not for a late rebound. Will this recovery set a trend?
WA Business News  Dec 10  Comment 
Live cattle exporter Wellard rung the bell at ASX’s Perth office this morning as the company’s shares began trading for the first time.
WA Business News  Nov 20  Comment 
Live cattle exporter Wellard is set to list at $1.39 per share, launching a prospectus to raise close to $300 million to give the business a market capitalisation of almost $560 million.
The Australian  Nov 20  Comment 
Mondo Visione  Sep 29  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Daniel Bowmanof Lisle, Illinois, for exceeding the spot month speculative position limit for the Live Cattle futures...
Agrimoney.com  Sep 21  Comment 
Live cattle prices rise on evidence of the slow pace of feedlot placements in August, after speculators cut bullish bets last week
Benzinga  Sep 18  Comment 
Friday's USDA cattle slaughter was 111,000 head versus a year ago at 107,000 head. Live Cattle futures traded lower Friday and ended the session near the lows of the day. October Live Cattle at last check was trading at 136.07, down 0.77...
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.




 

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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