Live Cattle Futures

QUOTE AND NEWS
Benzinga  4 hrs ago  Comment 
Live Cattle futures are trading higher Wednesday morning. June Live Cattle is trading at 151.00, up 0.50. August Cattle is trading at 148.47, up 0.50. Trading is expected to be choppy. Market talk about better demand and firm cash has led to...
Benzinga  Apr 14  Comment 
Monday's USDA Cattle slaughter was 111,000 head versus a year ago at 115,000 head. Live Cattle futures traded firm and ended the session a little off the highs of the day. June Live Cattle was trading at 150.52, up 1.57. August Live cattle was...
Benzinga  Apr 14  Comment 
Benzinga  Apr 14  Comment 
Benzinga  Apr 13  Comment 
Live Cattle futures traded range-bound Monday after Friday's sharp decline. June Live Cattle was trading at 148.60, down 0.20. August Live cattle was trading at 146.55, unchanged on the day. Monday's USDA Cattle slaughter was 109,000 head versus...
Benzinga  Apr 13  Comment 
Benzinga  Apr 10  Comment 
Live Cattle futures traded sharply lower Friday. June Live Cattle was trading at 148.70, down 2.87. August Live cattle was trading at 146.60, down 2.07. April Cattle in delivery was down the 3.00 limit at 158.80. Friday's USDA Cattle slaughter...
Benzinga  Apr 10  Comment 
Benzinga  Apr 10  Comment 
Market talk about some demand concerns continue, a strong U.S. dollar and competition from poultry has led to selling Friday and Live Cattle futures are down the trading limit. June Live Cattle is trading at 148.95, down 2.65. August Cattle is...
Benzinga  Apr 10  Comment 
Live Cattle futures are trading lower Friday morning, June Live Cattle is trading at 150.67, down 0.90. August Cattle is trading at 148.17, down 0.50. Trading is a little weak to start the session and choppy trading is expected. Market talk...
Benzinga  Apr 9  Comment 
After Wednesday's decline, Live Cattle futures traded range-bound on Thursday and ended the day a little higher. June Live Cattle was trading at 151.62, up 0.17. August Live cattle was trading at 148.70, up 0.15. Thursday's USDA Cattle slaughter...
Benzinga  Apr 8  Comment 
Live Cattle futures traded mostly lower Wednesday. June Live Cattle was trading at 151.10, down 1.22 and trading weak. August Live cattle was trading at 148.20, down 0.70. Wednesday's USDA Cattle slaughter was 107,000 head versus a year ago at...
Benzinga  Apr 7  Comment 
Tuesday's USDA Cattle slaughter was 110,000 head versus a year ago at 119, 000 head. Live Cattle futures traded very choppy with a wide range and closed higher Monday. June Live Cattle was trading at 152.25, up 0.47. August Live cattle was trading...
Benzinga  Apr 7  Comment 
Benzinga  Apr 6  Comment 
Monday's USDA Cattle slaughter was 96,000 head versus a year ago at 114,000 head. Live Cattle futures traded choppy Monday and closed lower after a firm session early on. At last check, June Live Cattle was trading at 152.05, down 1.35 and...




 

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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