Live Cattle futures provide a way to:

• Engage in price discovery for the cattle marketplace
• Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of cattle
• Evaluate or reflect on both the current and future supply and demand situation for cattle, competing meats and feedgrains
• Take advantage of arbitrage and spread opportunities with other commodities including related meats and grains
• Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in cattle

Things to Know:

• Live Cattle futures are a physical delivery 40,000 pound contract
• You can view free electronic real-time price quotes on Live Cattle futures, 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
• Electronically traded Live Cattle futures offer:
  • Direct participation in the trading process
  • Greater pricing efficiency
  • Millisecond response time
  • Designated market makers
  • Implied spread functionality
• Sign up for free daily email commentary on CME Group Livestock markets by visiting www.dailylivestockreport.com