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Live Cattle Futures

QUOTE AND NEWS
Record beef price lifts cattle from contract lows
Agrimoney.com  9 hrs ago  Comment 
Live cattle futures recover from contract lows as a surprise rise in US beef prices wipes out caution over a jump in placements of animas on feedlots
Abbott would say sorry over cattle ban
Sydney Morning Herald  May 10  Comment 
Tony Abbott says he'd build bridges with Jakarta if elected, including by apologising for Labor's decision to suspend live cattle exports.     
Today's Headlines
WA Business News  May 5  Comment 
Cattle ban hits WA farmers WA cattle producers face almost the entire hit from the suspension at the weekend of Australia's $24 million live cattle trade with Egypt. The West Treasury cuts growth forecasts
Goldman downgrade hits coffee, but cattle resolute
Agrimoney.com  Apr 23  Comment 
Arabica coffee futures suffer their second biggest fall of 2013 after Goldman Sachs cuts price forecasts. But live cattle futures ride out a downgrade
Will weak cattle prices continue?
Southeast Farm Press  Apr 22  Comment 
By Chris Hurt, Purdue Extension Economist Live cattle futures started the year with enthusiasm, but have deflated since. read more
Live export protests at Gillard cabinet
Sydney Morning Herald  Mar 25  Comment 
Prime Minister Julia Gillard will be confronted by live cattle export protesters at Wednesday's community cabinet meeting in Perth.
Cattle numbers up by two million
WA Business News  Mar 15  Comment 
Australian cattle numbers have grown substantially, partly as a result of the federal government's temporary suspension of live cattle exports to Indonesia in mid-2011, says beef producer Australian Agricultural Company (AACo).
Forecast for Live Cattle, Natural Gas and Copper
FX Street  Mar 5  Comment 
Live Cattle After a vicious move to the downside, the cattle market has finally found some value... For more information, read our latest forex news and reports.
Live cattle hits six-month high
Agriculture Online  Sep 11  Comment 
U.S. cattle rebound from mad cow sell-off
Reuters  Apr 25  Comment 
U.S. live cattle futures on Wednesday recovered most of the previous session's tumble, lifted by short-covering and higher cash beef prices as traders attempted to put Tuesday's mad cow scare behind them.




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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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Charles Armstrong
Asset Prime

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]

Contents

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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