What are live cattle futures?
Live cattle futures are standardized, exchange-traded contracts on the Chicago Mercantile Exchange (CME). The contracts represent the delivery of full-grown cattle that are ready to be sold to meat processors, having reached a weight of between around 1,200 and 1,400 pounds. The introduction of live cattle futures in 1964 was an innovative move because futures were only traded on storable commodities such as grain at the time. Since then, the live cattle futures contract has undergone significant changes, and each of these changes has enhanced the usefulness of the contract in risk management programs. These tools have enabled cattle producers to manage their price risk more effectively.
Start trading live cattle futures for just $1.50 per contract pricing.
Live cattle futures contracts represent 40,000 pounds of market ready cattle and are traded electronically on the Globex platform Monday 9:30 a.m. ET to 2:05 p.m. ET. An account approved to trade futures is required in order to trade live cattle futures.
Live cattle futures contract specifications
Considering trading live cattle futures? Here are the live cattle futures contract specifications.
|Exchange||Chicago Mercantile Exchange, LC|
|Contract Size||40,000 pounds|
|Minimum Tick Size and Value||$0.025/cwt (0.025 cents per pound), worth $10.00 per contract.|
|Trading Times||Live cattle futures trade electronically on the Globex® trading platform Monday 9:30 a.m. U.S. ET to 2:05 p.m. U.S. ET.|
|Principal Trading Months||Principal trading months for live cattle futures include February, April, June, August, October, and December.|
With a Schwab futures account, you also get access to advanced trading platforms and education, where you can take advantage of actionable research, real-time live cattle futures quotes, and other specialized tools.
Why trade live cattle?
- Why trade live cattle futures?
- Benefits and risks of trading live cattle futures
Futures trading at Schwab
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