Live Cattle Futures

QUOTE AND NEWS
Benzinga  Feb 17  Comment 
Friday's USDA cattle slaughter was 107,000 head versus 99,000 head a year ago. April live cattle is trading at 114.82, up 1.57 cents/lb. June live cattle is trading at 105.20, up 1.05 cents/lb. August live cattle is trading at 101.25, up...
Benzinga  Feb 16  Comment 
Thursday's USDA cattle slaughter was 96,000 head versus 108,000 head a year ago. April live cattle is trading at 113.12, down 0.12 cents/lb. June live cattle is trading at 104.05, down 0.10 cents/lb. August live cattle is trading at 100.35,...
Benzinga  Feb 15  Comment 
Wednesday's USDA cattle slaughter was 111,000 head versus 101,000 head a year ago. April live cattle is trading at 113.02, down 1.00 cents/lb. June live cattle is trading at 103.90, down 0.82 cents/lb. August live cattle is trading at...
Benzinga  Feb 14  Comment 
Tuesday's USDA cattle slaughter was 113,000 head versus 110,000 head a year ago. April live cattle is trading at 113.95, up 1.42 cents/lb. June live cattle is trading at 104.65, up 1.10 cents/lb. August live cattle is trading at 100.67, up...
Benzinga  Feb 13  Comment 
Monday's USDA cattle slaughter was 113,000 head versus 93,000 head a year ago. April live cattle is trading at 112.47, down 0.67 cents/lb. June live cattle is trading at 103.45, down 0.82 cents/lb. August live cattle is trading at 100.00,...
Benzinga  Feb 10  Comment 
April live cattle is trading at 113.25, down 1.57 cents/lb. June live cattle is trading at 104.20, down 1.07 cents/lb Live cattle futures have plunged in rapid fashion after showing a steady trade for a good part of the session. Trading is...
Benzinga  Feb 10  Comment 
April live cattle is trading at 115.02, up 0.20 cents/lb. June live cattle is trading at 105.42, up 0.15 cents/lb Live cattle futures are trading a little higher just after the open. Thursday's USDA cattle slaughter was 113,000 head, the total...
Benzinga  Feb 9  Comment 
Thursday's USDA cattle slaughter was 113,000 head versus 109,000 head a year ago. April live cattle is trading at 114.92, up 0.17 cents/lb. June live cattle is trading at 105.35, up 010 cents/lb. August live cattle is trading at 101.77, up...
Benzinga  Feb 9  Comment 
April live cattle is trading at 114.90, up 0.20 cents/lb. June live cattle is trading at 105.42, up 0.17 cents/lb Live cattle futures are trading a little higher just after the open. Market chatter about weather and consumer demand is making...
Benzinga  Feb 8  Comment 
Wednesday's USDA cattle slaughter was 112,000 head versus 107,000 head a year ago. April live cattle is trading at 114.70, down 1.77 cents/lb. June live cattle is trading at 105.20, down 1.37 cents/lb. August live cattle is trading at...
Benzinga  Feb 8  Comment 




 

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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