|Contract Unit||50,000 pounds (˜23 metric tons)|
|Price Quotation||Cents per pound|
|Trading Hours||Monday - Friday: 8:30 a.m. - 1:05 p.m. CT|
|Minimum Price Fluctuation||$.00025 per pound ($12.50 per contract)|
|Product Code||CME Globex: GFCME ClearPort: 62Clearing: 62TAS: GFT|
|Listed Contracts||8 months of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov|
|Settlement Method||Financially Settled|
|Termination Of Trading|| Last Thursday of the contract month with exceptions for November and other months,
12:00 p.m. - See CME Rule 10202.H.
|Trade At Marker Or Trade At Settlement Rules||Settlement (TAS)Trading at settlement is available for first 2 listed futures contract months, a calendar spread between the first and second contract month, and are subject to the existing TAS rules. The Last Trade Date for CME Livestock TAS products will be the second to last business day in the month prior to the named contract month.
Trading in all CME Livestock TAS products will be 8:30 am -1:00 pm Chicago time Monday - Friday.
TAS products will trade a total of four ticks above and below the settlement price in ticks of the corresponding futures contract (0.00025), off of a "Base Price" of 0 to create a differential (plus or minus 4 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
|Settlement Procedures||Livestock Settlement Procedures|
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 102|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
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