Live Cattle Futures

QUOTE AND NEWS
Mondo Visione  5 hrs ago  Comment 
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will change daily price limits in its CME Feeder Cattle futures effective  Thursday, December 18 , pursuant to its emergency action authority. The...
Benzinga  Dec 17  Comment 
Live Cattle Futures closed sharply lower. February Live Cattle was down $2.85 at $155.92. March Feeders were down the daily limit from the open of the trading session and never budged. March Feeder Cattle closed at $216.60. February Lean Hogs...
Benzinga  Dec 16  Comment 
Live Cattle Futures opened lower and continued falling until the daily limit was reached for most months. February Cattle was down the limit at $158.75. Feeder Cattle Futures were down the limit, with March Feeder Cattle offered at...
Benzinga  Dec 14  Comment 
Week cash and beef prices pressured Live Cattle futures on Friday. Slaughter for the week was 566,000 head, down 6.9 percent from 2013. Beef production on the week was down 3.9 percent compared to last year at 468.2 million pounds. Beef...
Agrimoney.com  Dec 2  Comment 
Rabobank says live cattle futures will set fresh record highs next year, and is upbeat about cotton and sugar prices too - but cooler on coffee
Agrimoney.com  Nov 26  Comment 
The bank lifts forecasts for futures in feeder and live cattle, citing the boost to beef demand from economic revival. Hogs are more fairly valued
guardian.co.uk  Nov 7  Comment 
Reports of an imminent deal which could double Australias live cattle exports have been welcomed by beef producers Beef producers have welcomed reports that a cattle export agreement with China is on the verge of being struck, but animal welfare...
Agrimoney.com  Oct 20  Comment 
Futures in live cattle return close to record highs. But the benefit to feedlots is curtailed by a rise in prices of feeder cattle too
SeekingAlpha  Oct 6  Comment 
By Andrew Hecht: Animal protein or meat markets showed mixed results in Q3 with the cattle "bull" market continuing its stampede higher. Hog prices moved lower for the quarter. Meats are the best-performing commodity sector for 2014 as of the end...
Mondo Visione  Sep 24  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Kennith Wayne Thrasher (Kennith Thrasher) and his son, Kennith Luke Thrasher (Luke Thrasher), for exceeding the spot...




 

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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