Contract Unit |
1 futures contract for 40,000 pounds |
Minimum Price Fluctuation |
0.00025 per pound = $10.00 |
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: LECME ClearPort: 48Open Outcry: Put: PK Call: CKClearing: 48 |
Listed Contracts |
Monthly contracts (Feb, Apr, Jun, Aug, Oct, Dec) listed for 9 months and 1 month of Jan, Mar, May, Jul, Sep, Nov
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Termination Of Trading |
Trading terminates at 1:00 p.m. CT on the first Friday of the contract month.
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Position Limits |
CME Position Limits |
Exchange Rulebook |
CME 101A |
Block Minimum |
Block Minimum Thresholds |
Price Limit Or Circuit |
Price Limits |
Vendor Codes |
Quote Vendor Symbols Listing |
Strike Price Listing Procedures |
Strikes listed for 50% of the underlying settlement price above and below the at-the-money strike at $0.02 per pound increments in all months and additional strikes listed for 25% of the underlying settlement price above and below the at-the-money strike at $0.01 per pound increments in the nearest 3 Standard months and 1 Serial month. |
Exercise Procedure |
American Style See CME Rule 101A02 |
Settlement Method |
Deliverable |
Underlying |
Live Cattle Futures |