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Live Cattle Futures
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Live Cattle Futures
Contract Size 40,000 pounds (~18 metric tons)
Product Description 55% Choice, 45% Select, Yield Grade 3 live steers
Pricing Unit Cents per pound
Tick Size (minimum fluctuation) $.00025 per pound (=$10 per contract)
Daily Price Limits $.03 per pound above or below the previous day's settlement price
Trading Hours
(All times listed are Central Time)		 CME Globex (Electronic Platform) MON 9:05 a.m. - FRI 1:55 p.m. Central Time
Daily trading halts 4:00 p.m. - 5:00 p.m. Central Time
Open Outcry (Trading Floor) MON-FRI: 9:05 a.m. -1:00 p.m. Central Time
Last Trade Date/Time
View Calendar		 Last business day of the contract month, 12:00 p.m.
Contract Months
View Listings		 Feb, Apr, Jun, Aug, Oct, Dec
Settlement Procedure Physical Delivery See CME Rule 10103.
Position Limits Non-Spot: 6,300 contracts in any contract month
Spot: 450/300 contracts
All months combined: n/a
See CME Rule: 10102.E
Ticker Symbol
View Product Codes
View Vendor Codes		 CME Globex (Electronic Platform) LE
48=Clearing
Open Outcry (Trading Floor) LC
Rulebook Chapter 101
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.