CME will amend the contract specifications of the Feeder Cattle Futures contract commencing with the May 2019 contract month and beyond. Additional information regarding these amendments may be found here.

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Feeder Cattle Futures Contract Specs

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: GF CME ClearPort: 62 Clearing: 62 TAS: 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
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing

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