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Live Cattle Futures Specifiations

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Futures Contract Specifications
      
The live cattle contract specifications tell you how the live cattle futures trade, not how to trade to live cattle futures. Before you consider opening a commodity futures account, you should consult with a licensed commodities broker.

LIVE CATTLE FUTURES

Trade Unit

40,000 pounds

 

Point Descriptions

1 point = $.01 per hundred pounds = $4.00

 

Contract Listing

Nine (9) months in the Even Monthly Cycle: Feb, Apr, Jun, Aug, Oct, Dec. 

 

Strike Price Interval

N/A

    

Product Code

Clearing=48Ticker=LCGLOBEX=LE 

   

Trading Venue

Floor

    

Hours

9:05 a.m.-1:00 p.m. LTD(12:00 p.m.)^ Listed 1.5 cents per pound ($600 per contract) (150 points) above or below the previous day's settlement price.

   

Strike

N/A

   

Limits

$.030/lb, $1200 See Rule 1502.A

   

Minimum Fluctuation

Regular 0.00025/lb=$10.00

Trading Venue

CME® Globex®

  

Hours

Mon-Thurs 9:05 a.m.-4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m. Re-open 5:00 p.m.-4:00 p.m. Friday Close at 1:30p.m. LTD(12:10 p.m. If the LTD is on a day that the market closes early, then the time is 11:10 a.m.)^

  

Listed

N/A

   

Strike

N/A

  

Limits

See Floor Venue limits.

   

Minimum Fluctuation

Regular 0.00025/lb=$10.00

Click here to contact a commodities broker with experience in the live cattle market.

Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Van Commodities, Inc. Research Department. Please view our Risk Disclaimer.

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