Live Cattle Futures

QUOTE AND NEWS
Agrimoney.com  Sep 14  Comment 
"Underperformance" in live cattle futures, compared with feeder cattle values, will reverse, the bank says. For hog bulls, China is a worry
WA Business News  Jul 18  Comment 
Shares in Wellard have hit an all-time low after the live cattle exporter flagged a disappointing end-of-year result.
Mondo Visione  Jun 21  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order filing and simultaneously settling charges against Respondents McVean Trading & Investments, LLC (MTI), a Memphis-based Futures Commission Merchant (FCM), its Chairman...
Agrimoney.com  Jun 5  Comment 
... as long as beef prices remain high, which there is cause to believe may happen. Can values avoid their usual June swoon?
WA Business News  Jun 1  Comment 
Live cattle exporter Wellard has announced the sale of one of its mid-sized ships to Israeli company Dabbah Slaughterhouse for $US26 million ($A35 million).
Agrimoney.com  May 4  Comment 
Front-month live cattle prices are pressing on daily trading limits, as blizzard-death fears spur a tight market higher
Agrimoney.com  Apr 7  Comment 
Higher slaughter rates, and rivalry from poultry supplies boosted by the fallout from bird flu, will keep a lid on cattle values, the bank says
The Times of India  Mar 22  Comment 
USA-LIVESTOCK/CME:CME live cattle futures surge; hogs turn up
Agrimoney.com  Mar 16  Comment 
The bank slaps a 'buy' on live cattle futures, saying current prices are unsustainably low, but says the recovery may take a while to gather pace
Benzinga  Mar 14  Comment 
Tuesday's USDA cattle slaughter was 112,000 head versus 113,000 head a year ago. April live cattle is trading at 116.25, down 1.50 cents/lb. June live cattle is trading at 106.80, down 1.30 cents/lb. August live cattle is trading at 102.80,...




 

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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