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Feeder Cattle Futures Contract Specs

Contract Size 50,000 pounds (˜23 metric tons)
Product Description 650-849 pound steers, medium-large #1 and medium-large #1-2
Pricing Unit Cents per pound
Tick Size (minimum fluctuation) $.00025 per pound ($12.50 per contract)
Daily Price Limits $0.045 per pound above or below the previous day's settlement price; expandable to $.0675 per pound, see CME Rule 10202.D
Trading Hours
(All times listed are Central Time)
CME Globex (Electronic Platform) Monday 9:05 a.m. Central Time/CT-Opening. At 4:00 p.m. CT on Monday- Thursday, the markets halt and restart at 8:00 a.m. CT on the next morning. Friday 1:55 p.m. CT-Close
Open Outcry (Trading Floor) MON-FRI: 9:05 a.m. -1:00 p.m. Central Time
Last Trade Date/Time
View Calendar
Last Thursday of the contract month with exceptions for November and other months,
12:00 p.m. - See CME Rule 10202.H.
Contract Months
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Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
Settlement Procedure Daily Livestock Settlement Procedure (PDF)
Final Feeder Cattle Futures Settlement Procedure (PDF)
Position Limits Non-Spot: 1,950 contracts in any contract month
Spot: 300 contracts
All months combined: n/a
See CME Rule: 10202.E
Ticker Symbol CME Globex (Electronic Platform) GF
Open Outcry (Trading Floor) FC
Rulebook Chapter 102
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.