Live Cattle Futures and Options
Market Trading
*NEW*
FREE Cattle Trading Guide
T & K Futures and Options, Inc.
is a federally licensed U.S. corporation specializing in helping investors
implement futures and options investment strategies. We are happy to answer all of your questions about CME Live Cattle
Futures and Options. Click here for answers to your
questions.
The beef cycle typically begins when ranchers breed their cattle in the
summer which produces calves in the spring. The gestation period is 9 months.
These calves are weaned from the mother after 6-8 months and are moved to a
stocker operation where they spend 6-10 months and grow to near full size. When
they reach 600-800 pounds they are typically sent to a feedlot and become feeder
cattle. The animals are considered to have reached full weight at and are ready
for slaughter at around 1200 pounds.
Many people often ask, what is the difference
between feeder cattle and live cattle. Live cattle
reflects the total current supply and demand for fed cattle, competing meats and
feed grains along with long term cyclical patterns for meat supply and demand.
The Chicago Mercantile Exchange (CME) broke the mold of traditional futures markets,
in the mid-1960's by introducing a futures contract
on a non-storable commodity - live cattle. The Live
Cattle futures contract has undergone significant changes.
Each of these changes has enhanced the usefulness of
the live cattle futures and options contract in various risk management programs
implemented by livestock producers and consumers to help them hedge price risk
exposure. Learn More >>>
Live Cattle Futures and Options Quick Facts
-
40,000 pound contract size
-
one cent move equals $400
-
trades Feb., April, June, Aug., Oct., Dec.
Click here and learn about other commodity markets.
These tools have enabled cattle producers who use
them to manage their risk more effectively. CME
continues to work with the cattle industry to meet
producers' changing needs by improving these
live cattle futures contracts. Today the live cattle future contract and
the feeder cattle future contracts have increased
their trading volumes considerably to become two of
the premiere contracts in the meat future sector.
Contact us at contact@tkfutures.com for specific live cattle
futures and live cattle options data or click here now
open an account to open your account today.
Live Cattle Futures and Live Cattle Options
Contract Specifications
Trading Unit
Live Cattle Futures: 40,000 lbs. of 55% choice, 45%
select grade live steers
Live Cattle Options: One Live Cattle Futures
Contract
Feeder Cattle Futures: 50,000 lbs. of 700 to 849 lb.
Medium Frame #1 and Medium and Large Frame #1 feeder
steers
Feeder Cattle Options: One Feeder Cattle Futures
Contract
Trading Hours
Futures: 9:05 a.m. - 1:00 p.m. LTD (12:00p.m.) Central Time
Options: 9:05 a.m. - 1:02 p.m. LTD (12:00p.m.) Central Time
Trading Months
Live Cattle Futures: Feb, Apr, Jun, Aug, Oct, Dec,
Seven months in the February Bi-monthly Cycle
Feeder Cattle Futures: Jan, Mar, Apr, May, Aug,
Sept, Oct, and Nov, Eight months listed at a time
Live Cattle Options: Feb, Apr, Jun, Aug, Oct, Dec,
Serial Months
Flex Options: Six months in Feb Bi-monthly cycle.
One serial month
Feeder Cattle Options: Jan, Mar, Apr, May, Aug, Sep,
Oct, Nov.
Flex Options: Eight options months listed
Point Description
Live Cattle Futures and Options: 1 point = $.0001
per pound = $4.00
Feeder Futures and Options: 1 point = $.0001 per
pound = $5.00
Minimum Price Fluctuation
Live Cattle Futures and Options-regular: 0.00025 =
$10.00
Feeder Cattle Futures and Options-regular: 0.00025 =
$12.50
Live Cattle Options-cab: 0.000125 = $5.00
Feeder Cattle Options-cab: 0.000125 = $6.25
Options Strike Prices
Live Cattle Options: Cents per pound. First two
months only- $0.01 intervals e.g. $0.76, $0.77,
$0.78. All other months $0.02 intervals e.g. $0.76,
$0.78;
Serial Options - $0.01 intervals. Flex Options are
listed in intervals of $0.0025.
Feeder Cattle Options: Cents per pound. First two
months only- $0.01 intervals, $0.60, $0.61, $062
etc. All other months- $0.02 intervals, $0.62,
$0.64, $0.66, etc.
for spot month, $0.005 intervals, $0.605, $0.610,
$0.615, etc.
Flex Options are listed in intervals of $0.0025
Product Code
Live Cattle Futures: LC
Feeder Cattle Futures: FC
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for actual futures and options prices, expirations, charts .....
To learn more about the meat futures visit
feeder cattle futures,
lean hog futures and
porkbelly futures.
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