Live Cattle Futures

QUOTE AND NEWS
Benzinga  2 hrs ago  Comment 
Wednesday's USDA Cattle slaughter was 99,000 head versus a year ago at 120,000 head. Live Cattle futures traded lower on Wednesday. Trading was choppy and mostly lower. April Live cattle was trading at 161.72, down 0.27. June Live Cattle was...
Benzinga  4 hrs ago  Comment 
Benzinga  8 hrs ago  Comment 
June Live Cattle is trading at 152.90, down 0.15. August Cattle is trading at 150.27 down 0.05. Trading is steady. Chatter about positioning before the end of the month is making the rounds. Chatter about expecting choppy trading and some...
Benzinga  Mar 24  Comment 
Tuesday's USDA Cattle slaughter was 108,000 head versus a year ago at 116,000 head. Live Cattle futures traded a little higher Tuesday. Trading was choppy with a fairly narrow trading range. April Live cattle was trading at 162.15, up 0.80. June...
Benzinga  Mar 24  Comment 
April Live cattle is trading at 161.87, up 0.52. June Live Cattle is trading at 153.07, up 0.07. Trading is steady and the discount to cash has narrowed substantially. Chatter continues about strong cash cattle. Market talk about better demand...
Benzinga  Mar 23  Comment 
Monday's USDA cattle slaughter was 107,000 head versus a year ago at 116,000 head. Live Cattle futures traded sharply higher Monday. Trading was a little choppy with sharply higher prices in response to the release of the USDA Cattle on Feed...
Benzinga  Mar 23  Comment 
Benzinga  Mar 20  Comment 
Live Cattle Futures traded mostly higher on higher Friday. April Live Cattle settled at 158.35, up 0.35. June Live Cattle settled at 150.47, up 0.25. Trading was choppy ahead of the USDA Cattle on Feed report due out. Friday's USDA Cattle...
Benzinga  Mar 19  Comment 
Thursday's USDA Cattle slaughter was 103,000 versus a year ago at 112,000. Market talk about Friday's USDA Cattle on Feed report was making the rounds. Chatter about better consumer demand brought some buyers in. Live Cattle Futures traded...
Benzinga  Mar 19  Comment 
Benzinga  Mar 18  Comment 
Live Cattle Futures traded mostly higher Wednesday and closed sharply higher up the daily trading limit. April Live Cattle settled at 156.57, up 3.00. June Live cattle settled 148.47, up 3.00. Wednesday's USDA cattle slaughter was 107,000 head...
Benzinga  Mar 18  Comment 
Benzinga  Mar 18  Comment 
Benzinga  Mar 18  Comment 
Benzinga  Mar 17  Comment 
Live Cattle Futures traded mostly higher Tuesday. April Live Cattle settled at 153.57, up 0.37. June Live cattle settled 145.47, up 0.50. Tuesday's USDA cattle slaughter was 110,000 head versus a year ago at 118,000 head. Trading was fairly...
Benzinga  Mar 17  Comment 
Benzinga  Mar 16  Comment 
Live Cattle Futures traded mostly lower on Monday. Trading was somewhat choppy during a range-bound trading session. April Live Cattle settled at 153.20, down 1.07. June Live Cattle settled at 144.97, down 0.30. Monday's USDA cattle slaughter...




 

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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