Articles

Feeder Cattle Futures

Posted By: TradersLog

Introduced in 1971 by the Chicago Mercantile Exchange, the Feeder Cattle Futures contract represents 650-849 pound feeder steers to be placed in feedyards for fattening. .

Contract Specifications

Exchange: Chicago Mercantile Exchange (CME)

Trade Unit: 50,000 pounds

Point Descriptions: 1 point = .0001 cents per pound = $5.00

Contract Listing: Jan, Mar, Apr, May, Aug, Sep, Oct and Nov.

Ticker: FC

GLOBEX: GF

Floor Hours:9:05 a.m.-1:00 p.m.

CME Globex Hours: Mon-Thurs 9:05 a.m.- 4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m. Re-open 5:00 p.m.-4:00 p.m. Friday Close at 1:30p.m.

Minimum Fluctuation: Regular0.00025/lb=$12.50

See also: Futures Trading Forum, Feeder Cattle Futures Charts

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