The word cattle can conjure images of wild prairies and rugged western landscapes, cattle drives, wealthy barons, and cowboys. The beef and cattle industry today is a multi-billion dollar industry, and cattle futures on the CME are not only a means for industry professionals to access hedging opportunities, but also an avenue for speculators to participate in cattle trade - with or without the ten gallon hat.
Contract Size: 40,000 lbs
Price Quote & Tick Size: cents per pound; minimum fluctuation is $.00025 per pound ($10 per contract)
Contract Months: February, April, June, August, October, December
Trading Specs: Floor trading is conducted 9:05 am to 1:00 pm CT Mon - Fri; Globex trading Mon 9:05 a.m. - Fri 1:55 p.m. CT. Daily trading halts from 4:00 p.m.-5:00 p.m.
Daily Price Limit: $.03 per pound above or below previous day's settlement price
Trading Symbols: LC; LE on Globex