Difference between revisions of "CME Group feeder cattle"

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|ctype    =  Agricultural
 
|ctype    =  Agricultural
 
|cash    =  Y
 
|cash    =  Y
|months  =  Jan, Mar, Apr, May, Aug, Sep, Oct and Nov. Eight months listed at a time
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|months  =  8 months of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
 
|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 Thursday of the contract month, except that trading in the November contract shall terminate on the Thursday prior to Thanksgiving Day, unless a holiday falls on that Thursday or on any of the four weekdays prior to that Thursday, in which case trading terminates on the prior Thursday that is not a holiday and is not so preceded by a holiday. Also, any contract month in which a holiday falls on the last Thursday of the month or on any of the four weekdays prior to that Thursday terminates on the first prior Thursday that is not a holiday and is not so preceded by a holiday.
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|ltd      =  Last Thursday of the contract month with exceptions for November and other months, 12:00 p.m.
|unit    =  50,000 pounds
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|unit    =  50,000 pounds (~23 metric tons)
 
|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 -->
 
|ptval    =  $0.0001/pound, or $5.00/contract
 
|ptval    =  $0.0001/pound, or $5.00/contract
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|elSym    =  GF
 
|elSym    =  GF
 
|outcry  =  Y
 
|outcry  =  Y
|ooHours  =  9:05- 1 p.m. Chicago time
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|ooHours  =  Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
 
|ooLimit  =  $0.03/pound or $1500/contract above or below the previous day's settlement price
 
|ooLimit  =  $0.03/pound or $1500/contract above or below the previous day's settlement price
 
|ooSym    =  FC
 
|ooSym    =  FC
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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  =  Jan, Mar, Apr, May, Aug, Sep, Oct, Nov and Flex® options. Eight option months listed.
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|opMonths  =  8 months of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov  
 
|opPtdesc  =  $0.0001/pound, or $5.00/contract<!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
 
|opPtdesc  =  $0.0001/pound, or $5.00/contract<!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
 
|opPtval  =  <!-- dollar (or other currency) value of one market point -->
 
|opPtval  =  <!-- dollar (or other currency) value of one market point -->
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|opExercise=  American expiration
 
|opExercise=  American expiration
 
|opElect  =  x<!-- Any value if electronic trading is used -->
 
|opElect  =  x<!-- Any value if electronic trading is used -->
|opEHours  =   
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|opEHours  =  Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
 
|opELimit  =  <!-- Daily price limit for open outcry contract; leave blank if none -->
 
|opELimit  =  <!-- Daily price limit for open outcry contract; leave blank if none -->
 
|opESym    =  GF
 
|opESym    =  GF
 
|opOutcry  =  x
 
|opOutcry  =  x
|opOHours  =  9:05 a.m. - 1:02 p.m. Last Trading Day-12:00 p.m. Chicago time
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|opOHours  =  Monday - Friday: 8:30 a.m. - 1:02 p.m. CT
 
|opOLimit  =  <!-- Daily price limit for open outcry contract; leave blank if none -->
 
|opOLimit  =  <!-- Daily price limit for open outcry contract; leave blank if none -->
 
|opOSym    =  Calls=KF; Puts=JF  
 
|opOSym    =  Calls=KF; Puts=JF  
|opStrike  =  Cents per pound. First two months only - $0.01 intervals, $0.60, $0.61, $0.62 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
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|opStrike  =  $.02 for all months; $.01 for the nearest 3 months; $.005 for spot month
 
}}
 
}}
 
== Notes ==
 
== Notes ==
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== Resources ==
 
== Resources ==
[http://www.cmegroup.com CME Group Web site]
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*[http://www.cmegroup.com CME Group Web site]
 
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*[http://www.cmegroup.com/trading/agricultural/livestock/feeder-cattle_contractSpecs_options.html Feeder Cattle Contract Specification]
[http://www.cmegroup.com/trading/agricultural/livestock/feeder-cattle_contractSpecs_options.html Feeder Cattle Contract Specification]
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*[http://www.cmegroup.com/confluence/display/EPICSANDBOX/Livestock Livestock Settlement Procedures]
 +
*[http://www.cmegroup.com/rulebook/files/position-limits-cme.xlsx CME Procedure Limits]
 +
*[http://www.cmegroup.com/rulebook/CME/II/100/102/102.pdf CME 102]
 +
*[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 15:13, 14 June 2018


Feeder cattle futures
Exchange CME Group
Settlement Cash settled
Contract Size 50,000 pounds (~23 metric tons)
Pricing Unit $0.0001/pound, or $5.00/contract
Tick Value $0.00025/pound or $12.50/contract
Contract Months 8 months of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
Last Trading Day Last Thursday of the contract month with exceptions for November and other months, 12:00 p.m.
  Open Outcry Electronic
Trading Hours Monday - Friday: 8:30 a.m. - 1:05 p.m. CT MON 9:05 a.m. - FRI 1:55 p.m. Central Time. Daily trading halts 4:00 p.m. - 5:00 p.m. Central Time
Ticker Symbol FC GF
Price Limits $0.03/pound or $1500/contract above or below the previous day's settlement price $0.03/pound or $1500/contract above or below the previous day's settlement price
 
Feeder cattle options
Trade Unit One futures contract
Point Value Need point value! ($0.0001/pound, or $5.00/contract)
Tick Value Regular 0.00025/lb=$12.50; Cabinet trades -- 0.000125/lb=$6.25
Option Months 8 months of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
Strike Prices $.02 for all months; $.01 for the nearest 3 months; $.005 for spot month
Exercise Style American expiration
  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 Calls=KF; Puts=JF GF
Price Limits N/A N/A

Notes

Also See

CME Group commodity products

Resources