FEEDER CATTLE OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 futures contract for 50,000 pounds
Minimum Price Fluctuation 0.00025 per pound = $12.50
Half Tick = 0.000125 per pound = $6.25
Price Quotation U.S. cents per per pound
Trading Hours CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Open Outcry: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Product Code CME Globex: GF
CME ClearPort: 62
Open Outcry: Put: JF Call: KF
Clearing: 62
Listed Contracts Monthly contracts (Jan, Mar, Apr, May, Aug, Sep, Oct, Nov) listed for 8 months
Termination Of Trading Trading terminates at 12:00 p.m. CT on the last Thursday of the contract month. If this is not a business day, trading termnates on the prior Thursday.
Position Limits CME Position Limits
Exchange Rulebook CME 102A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures $.02 for all months; $.01 for the nearest 3 months; $.005 for spot month 
See CME Rule 101A01.E.
Exercise Procedure American Style See CME Rule 102A02
Settlement Method Deliverable
Underlying Feeder Cattle Futures