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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 ClearPort: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Default: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Minimum Price Fluctuation 0.00025 per pound = $10.00
Product Code CME Globex: LE
CME ClearPort: 48
Clearing: 48
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 is available for the first 5 contract months and calendar spreads between all the contract months 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 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