Live Cattle Futures - Contract Specs
| Contract Unit | 40,000 pounds (~18 metric tons) |
|---|---|
| Price Quotation | U.S. cents per pound |
| Trading Hours | CME Globex: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT TAS: Monday - Friday 8:30 a.m. - 1:00 p.m. CT (9:30 a.m - 2:00 p.m. ET) CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT |
| Minimum Price Fluctuation | 0.00025 per pound = $10.00 TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright |
| Product Code | CME Globex: LE CME ClearPort: 48 Clearing: 48 TAS: LET |
| Listed Contracts | Monthly contracts of (Feb, Apr, Jun, Aug, Oct, Dec) listed for 9 months |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates at 12:00 Noon CT on the last business day of the contract month. |
| TAM or TAS Rules | Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price. TAS Table |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes |
