Live Cattle Futures

QUOTE AND NEWS
Benzinga  6 hrs ago  Comment 
October live cattle is trading at 102.15, down 1.67 cents/lb. December live cattle is offered at 102.12, down 1.00 cents/lb. February live cattle is trading at 102.82, down 0.82 cents/lb. Live cattle futures are trading lower Wednesday morning...
Benzinga  Sep 27  Comment 
October live cattle is offered at 103.82, down 3.00 cents/lb. December live cattle is offered at 103.12, down 3.00 cents/lb. February live cattle is trading at 103.65, down 2.65 cents/lb. Live cattle futures are offered down the permissible...
Benzinga  Sep 27  Comment 
October live cattle is trading at 105.12, down 1.70 cents/lb. December live cattle is trading at 104.60, down 1.52 cents/lb. February live cattle is trading at 105.00, down 1.30 cents/lb. Live cattle futures are trading sharply lower just after...
Benzinga  Sep 26  Comment 
October live cattle is trading at 106.67, down 0.60 cents/lb. December live cattle is trading at 106.30, down 0.55 cents/lb. February live cattle is trading at 106.35, down 0.75 cents/lb. Live cattle futures are trading lower just after the...
Benzinga  Sep 23  Comment 
Friday's USDA cattle slaughter was 107,000 head versus a year ago at 111,000 head. October live cattle is trading at 107.47, up 0.32 cents/lb. December live cattle is trading at 106.97, up 0.02 cents/lb. February live cattle is trading at...
Benzinga  Sep 23  Comment 
October live cattle is trading at 104.50, down 2.65 cents/lb. December live cattle is trading at 104.22, down 2.70 cents/lb. February live cattle is trading at 104.60, down 2.72 cents/lb. Live cattle futures have plunged in rapid fashion....
Benzinga  Sep 22  Comment 
Thursday's USDA cattle slaughter was 114,000 head versus a year ago at 112,000 head. October live cattle is trading at 106.92, down 1.62 cents/lb. December live cattle is trading at 106.72, down 1.62 cents/lb. February live cattle is trading at...
Benzinga  Sep 22  Comment 
October live cattle is trading at 108.62, up 0.07 cents/lb. December live cattle is trading at 108.62, up 0.30 cents/lb. February live cattle is trading at 108.80, up 0.32 cents/lb. Live cattle futures are trading a little higher just after the...
Benzinga  Sep 21  Comment 
October live cattle is trading at 108.20, up 0.52 cents/lb. December live cattle is trading at 107.90, up 0.85 cents/lb. February live cattle is trading at 108.05, up 0.60 cents/lb. Live cattle futures are trading higher just after the open....
Benzinga  Sep 20  Comment 
Tuesday's USDA cattle slaughter was 114,000 head versus a year ago at 112,000 head. October live cattle is trading at 107.70, down 0.20 cents/lb. December live cattle is trading at 107.10, down 0.25 cents/lb. February live cattle is trading at...




 

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]

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki