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Live Cattle Futures Contract Specs

Contract Unit 40,000 pounds (~18 metric tons)
Price Quotation U.S. cents per pound
Trading Hours CME Globex: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT

TAS: Monday - Friday 8:30 a.m. - 1:00 p.m. CT (9:30 a.m - 2:00 p.m. ET)
CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. (6:00 p.m. 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.00025 per pound = $10.00

TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright
Product Code CME Globex: LE
CME ClearPort: 48
Clearing: 48
TAS: LET
Listed Contracts 9 monthly contracts of Feb, Apr, Jun, Aug, Oct, Dec
Settlement Method Deliverable
Termination Of Trading Trading terminates at 12:00 Noon CT on the last business day of the contract month.
Trade At Marker Or Trade At Settlement Rules Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.

TAS Table
Settlement Procedures Live Cattle Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 101
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing