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Live Cattle Futures

The Chicago Mercantile Exchange broke the mold of traditional futures markets in 1964 by introducing a futures contract on live cattle, an innovative move because futures were only traded on storable commodities such as grain at the time. But the livestock industry appeared ready for a central forward market with the advantages futures could bring. 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. CME continues to work with the cattle industry to meet producers' changing needs by improving the live cattle futures contract.

In addition to live cattle futures, live hog futures were added in 1966, and feeder cattle were added in 1971. In 1997, lean hog futures and options replaced the live hog contracts. In 1999, stocker cattle futures and options were added.

CME LIVE CATTLE FUTURES SPECIFICATIONS

Live cattle futures, Chicago Mercantile Exchange, symbol LC. Contract Size is 40,000 lbs. The minimum tick size is $0.025/cwt, worth $10 per contract.

Trade electronically on Globex Monday 09:30 AM US EST to 2:05 PM US EST.

Principal trading months for cattle futures include February, April, June, August, October, and December.





Important Disclosures

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