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 |
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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: GFCME ClearPort: 62Open Outcry: Put: JF Call: KFClearing: 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. |
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Exercise Procedure | American Style See CME Rule 102A02 | ||||
Settlement Method | Deliverable | ||||
Underlying | Feeder Cattle Futures |