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Feeder Cattle Futures

QUOTE AND NEWS
Should I feed cattle this year?
Southeast Farm Press  Sep 6  Comment 
By Steven Rust & Roy Black, Michigan State University It is important for producers and growers to calculate what they can afford to pay for feeder cattle given the expected higher corn prices, forecasted sale prices next winter and...
Managing beef profits for long-term viability
Southeast Farm Press  Aug 23  Comment 
By Peter Callan, Virginia Tech University In March 2012 the prices of feeder cattle reached record highs. read more
Is it time to exit the cow, calf industry?
Southeast Farm Press  Aug 13  Comment 
By Peter Callan, Virginia Tech University In March 2012, the prices of feeder cattle reached record highs. By mid-July 2012, the severe drought in the Midwest and the Plains caused soybean and corn prices to reach record high prices. ...
Cattle prices to rise, keeping feedlots in the red
Agrimoney.com  May 17  Comment 
Feeder cattle prices are to recover, thanks to the "tightest supplies in decades", the USDA says, spelling hardship for feedlots - and some ranchers
Cattle Extend Rally to Record on Tight Beef Supply; Hogs Gain
BusinessWeek  Feb 17  Comment 
Cattle futures rose to an all-time high for the 10th time this year as rising demand for U.S. beef tightens supply and increases costs for restaurants including Chipotle Mexican Grill Inc. Feeder cattle also reached a record and hogs gained.
Cattle Extend Rally to Record on Tightening U.S. Beef Supplies
BusinessWeek  Feb 17  Comment 
Cattle Extend Climb to Record as Demand Rises, Supply Shrinks
BusinessWeek  Jan 20  Comment 
Cattle futures rallied to a record for the fifth time this month on mounting evidence that demand is increasing for U.S. beef as herds shrink. Feeder cattle also rose to an all-time high.
Best Trade of the Year: Cattle
CNBC  Dec 30  Comment 
Feeder cattle wins the best trade of the year trading over 20% YTD. James Bower, Bower Trading president weighs in.
Cattle price to stay high - boosted by cheap grain
Agrimoney.com  Dec 15  Comment 
Feeder cattle values are to remain high "for the next two or three years", the USDA says, in part thanks to lower corn prices ahead
Corn could stem rally in feeder cattle prices
Agrimoney.com  Jul 5  Comment 
Feeder cattle futures set a record high in Chicago. But further gains could be curtailed if corn looks like inflating feedlots' fodder bills
Cattle prices jump, as feedlots put the brakes on
Agrimoney.com  Jun 20  Comment 
Data showing feedlots running with lower stocks than had been expected sends cattle prices soaring for a third day. Feeder cattle go limit up




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more ▼WIKI ANALYSIS
 This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.
 
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Feeder Cattle futures are traded on the Chicago Mercantile Exchange under ticker symbol FC in cents per pound. For electronic trading sessions, the symbol GF is used.[1]

"Feeder Cattle" refers to the young animals (weighing between 650 and 849 pounds) that are sent to feedlots to be finished into "fed" cattle. This is different from live cattle, which are older cattle nearer to slaughter.

The chart at left shows front-month Feeder Cattle Futures prices on the Chicago Mercantile Exchange in dollars per gallon.

Delivery Dates

Feeder Cattle futures are delivered every year in January, March, April, May, August, September, October, & November.[1]

The following is a table with feeder 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
January, 2009FCF9FC/F9-CM
March, 2009FCH9FC/H9-CM
April, 2009FCJ9FC/J9-CM
May, 2009FCK9FC/K9-CM
August, 2009FCQ9FC/Q9-CM
September, 2009FCU9FC/U9-CM
October, 2009FCV9FC/V9-CM
November, 2009FCX9FC/X9-CM

Contract Specifications

Contract Size

One Feeder Cattle futures contract on the Chicago Mercantile Exchange is 50,000 pounds.[1]

Daily Price Limit

$.03 per pound above or below the previous day's settlement price. [1]

Last Trading Day

Trading of Feeder 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]

Contents

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]

Deliverable Grades

Deliverable Feeder Cattle grades for futures contracts on the Chicago Mercantile Exchange are: 650-849 pound steers, medium-large #1 and medium-large #1-2.[1]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The Chicago Mercantile Exchange's contract specification for Feeder Cattle futures
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