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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
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