Difference between revisions of "CME Group Live Cattle"

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|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
|ltd      =  Trading terminates on the last business day of the contract month.
+
|ltd      =  Last business day of the contract month, 12:00 p.m
 
|unit    =  40,000 pounds
 
|unit    =  40,000 pounds
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
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|elSym    =  LE
 
|elSym    =  LE
 
|outcry  =  Y
 
|outcry  =  Y
|ooHours  =  9:05- 1 p.m. Chicago time
+
|ooHours  =  Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
 
|ooLimit  =  $0.03/hundred pounds or $1200/contract
 
|ooLimit  =  $0.03/hundred pounds or $1200/contract
 
|ooSym    =  LC
 
|ooSym    =  LC
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|options  = x  
 
|options  = x  
 
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
 
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
|opMonths  =  Feb, Apr, Jun, Aug, Oct, Dec, plus serial months, and Flex Options. Six months in Feb bi-monthly cycle. One serial month
+
|opMonths  =  9 months of Feb, Apr, Jun, Aug, Oct, Dec, plus one serial month of Jan, Mar, May, Jul, Sep, or Nov
 
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
 
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
|opPtval  = 1 point = .01 cents per hundred pound = $4.00  
+
|opPtval  = 1 point = .01 cents per hundred pound = $4.00  
 
|opTickPt  =  <!-- option tick size in points -->
 
|opTickPt  =  <!-- option tick size in points -->
|opTickVal =  Regular 0.00025/lb=$10.00; Cabinet 0.000125/lb=$5.00
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|opTickVal =  Full Tick = $.00025 per pound (=$10 per contract)
|opExercise =  American
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|opExercise =  American-[http://www.cmegroup.com/rulebook/CME/II/100/101A/101A.pdf See CME Rule 101A02]
 
|opElect=  x
 
|opElect=  x
|opEHours  = Mon-Thurs 5:00 p.m.-4:00 p.m.; Shutdown period from 4:00 p.m.-5:00 p.m.; Sun & Hol 5:00 p.m.-4:00 p.m. Chicago time
+
|opEHours  = Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
 
|opELimit  =   
 
|opELimit  =   
 
|opESym    = LE   
 
|opESym    = LE   
 
|opOutcry  = x  
 
|opOutcry  = x  
|opOHours  = 9:05 a.m.-1:02 p.m.; Last Trading Day - 1:00 p.m. Chicago time
+
|opOHours  = Monday - Friday: 8:30 a.m. - 1:02 p.m. CT
 
|opOLimit  =   
 
|opOLimit  =   
|opOSym    = Calls=CK; Puts=PK   
+
|opOSym    = Put: PK Call: CK  
 
|opStrike  = All listed intervals  
 
|opStrike  = All listed intervals  
 
}}
 
}}
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== Resources ==
 
== Resources ==
[http://www.cmegroup.com CME Group Web site]
+
*[http://www.cmegroup.com CME Group Web site]
 
+
*[http://www.cmegroup.com/confluence/display/EPICSANDBOX/Livestock Live Cattle Settlement Procedures]
 +
*[http://www.cmegroup.com/rulebook/files/position-limits-cme.xlsx CME Position Limits]
 +
*[http://www.cmegroup.com/rulebook/CME/II/100/101/101.pdf CME 101]
 +
*[http://www.cmegroup.com/clearing/trading-practices/block-trades.html#nymexComexProducts Block Minimum Thresholds]
 +
*[http://www.cmegroup.com/trading/Price-Limit-Update.html Price Limits]
 +
*[http://www.cmegroup.com/tools-information/vendorSymbol.html Quote Vendor Symbols Listing]
  
 
[[Category:CME Group]]
 
[[Category:CME Group]]

Latest revision as of 14:06, 14 June 2018

SONIA Futures MarketsWiki 728x120.jpg

Futures on CME Group Live Cattle have been offered for trading at the Chicago Mercantile Exchange since 1964. Today these physically delivered livestock futures trade through both open outcry on the CME Group and on the CME Globex electronic trading platform.

The contract trading unit of the Live Cattle futures and Live cattle options is 40,000 pounds.

When Live cattle futures were introduced by CME in 1964, it became the first-ever non-storable futures contract.

The CME launched electronic options trading on Live cattle futures options on December 4, 2006.

On February 1, 2012, CME Group released a clearing advisory listing the stockyards and slaughter plants that have been approved for deliveries against the CME Group Live Cattle futures contract from February 1, 2012 through January 31, 2013. The advisory can be found here.


Live cattle futures
Exchange CME Group
Settlement Physically delivered
Contract Size 40,000 pounds
Pricing Unit $0.01 per hundred pounds or $4.00/contract
Tick Value $0.025/hundred pounds or $10/contract
Contract Months Feb, Apr, Jun, Aug, Oct, Dec; 9 months at a time
Last Trading Day Last business day of the contract month, 12:00 p.m
  Open Outcry Electronic
Trading Hours Monday - Friday: 8:30 a.m. - 1:05 p.m. CT Mon-Thurs 5:00 p.m.-4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m.; Sun & Hol 5:00 p.m.-4:00 p.m. Chicago time
Ticker Symbol LC LE
Price Limits $0.03/hundred pounds or $1200/contract $0.03/hundred pounds or $1200/contract
 
Live cattle options
Trade Unit One futures contract
Point Value 1 point = .01 cents per hundred pound = $4.00
Tick Value Full Tick = $.00025 per pound (=$10 per contract)
Option Months 9 months of Feb, Apr, Jun, Aug, Oct, Dec, plus one serial month of Jan, Mar, May, Jul, Sep, or Nov
Strike Prices All listed intervals
Exercise Style American-See CME Rule 101A02
  Open Outcry Electronic
Trading Hours Monday - Friday: 8:30 a.m. - 1:02 p.m. CT Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Ticker Symbol Put: PK Call: CK LE
Price Limits N/A N/A

Futures Contracts Volume

In 2014, the volume of CME Group Live Cattle futures traded ranked nineteenth among all agricultural futures and options contracts according to the FIA.

Year Total Annual Volume Percent Change
2014 13,599,292 9.1%
2013 12,463,043 (-)10.9%
2012 13,985,374 3.3%
2011 13,352,554 --

Also See

CME Group commodity products

Resources