Products & Trading » Commodities » Live Cattle
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Live Cattle

Product Overview

Options on Live Cattle futures provide a way to:

  • Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of cattle
  • Utilize some strategies to allow hedgers to reduce price level risk while retaining the opportunity to improve their purchase or selling price
  • Trade based on price movement, spreads or market volatility

 

Things to Know:

  • You can view free electronic real-time price quotes on Live Cattle options, including:
    • Best bids and offers
    • Daily trading activity
    • Outright and spread markets
  • Contracts trade virtually 24 hours a day on the CME Globex electronic trading platform and side by side during regular trading hours on the CME Group trading floor
  • Sign up for free daily email commentary on CME Group Livestock markets by visiting www.dailylivestockreport.com
  • Electronically traded Live Cattle options offer:
    • Direct participation in the trading process
    • Greater pricing efficiency
    • Millisecond response time
    • Designated market makers
    • Implied spread functionality

 

The best way to access electronic Livestock options is through CME Globex Partners; however, if your FCM or ISV does not currently support enhanced option functionality on CME Globex, you may want to consider CME EOS Trader™, a web-based front-end system with comprehensive electronic access to options trading. Experience CME EOS Trader with our E-Livestock Options demo.

Get Real-Time Quotes

View free real-time quotes on a variety of electronically traded CME Group products

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General News & Announcements for Agricultural Commodity
RSS

Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24

Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.


MD Calendar

Market Data Planning Calendar


Random Length Lumber on CME Globex

Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex


CME Product Market Data
Report Type

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Contract Specification View
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Trade Unit One Live Cattle Futures Contract
Settle Method Delivery
Point Size 1 point = .01 cents per hundred pound = $4.00
Strike Price Interval
Strike
Limits/Price Banding n/a
Tick Size (Minimum Fluctuation)
Regular0.00025/lb=$10.00
Cab0.000125/lb=$5.00
Trading Hours Mon-Thurs 9:05 a.m.-4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m. Friday Close 1:30 p.m.
Listed
Product Codes Clearing Calls/Puts=48 Ticker Calls=CK Puts=PK Globex=LE
Minimum Block Size
Product Calendar Feb, Apr, Jun, Aug, Oct, Dec, plus Serial Months, and Flex Options
View current product listings
Trade Unit One Live Cattle Futures Contract
Settle Method Delivery
Point (Tick) Size 1 point = .01 cents per hundred pound = $4.00
Strike Price Interval
Strike All listed intervals
Limits/Price Banding n/a
Minimum Fluctuation
Regular0.00025/lb=$10.00
Cab0.000125/lb=$5.00
Trading Hours 9:05 a.m.-1:02 p.m.
Listed
Product Codes Clearing Calls/Puts=48 Ticker Calls=CK Puts=PK Globex=LE
Minimum Block Size
Product Calendar Feb, Apr, Jun, Aug, Oct, Dec, plus Serial Months, and Flex Options
View current product listings
General News & Announcements for Agricultural Commodity
RSS

Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24

Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.


MD Calendar

Market Data Planning Calendar


Random Length Lumber on CME Globex

Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex


Contracts Currently Eligible to Trade and Recently Expired Contracts
Contract Month Product Code First Trade Date Last Trade Date Settlement Date
NOV08 LCX08 09/08/2008 Add to Outlook 11/07/2008 11/07/2008
DEC08 LCZ08 12/10/2007 Add to Outlook 12/05/2008 12/05/2008
FEB09 LCG09 02/04/2008 Add to Outlook 02/06/2009 02/06/2009
APR09 LCJ09 04/07/2008 Add to Outlook 04/03/2009 04/03/2009
JUN09 LCM09 06/09/2008 Add to Outlook 06/05/2009 06/05/2009
AUG09 LCQ09 08/04/2008 Add to Outlook 08/07/2009 08/07/2009
OCT09 LCV09 10/06/2008 Add to Outlook 10/02/2009 10/02/2009
General News & Announcements for Agricultural Commodity
RSS

Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24

Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.


MD Calendar

Market Data Planning Calendar


Random Length Lumber on CME Globex

Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex