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Live Cattle Futures
Posted By: TradersLog
Introduced in 1964 by the Chicago Mercantile Exchange, the Live Cattle Futures contract allows cattle producers and packers to effectively manage price risk.
Contract Specifications
Exchange: Chicago Mercantile Exchange (CME)
Trade Unit: 40,000 pounds
Point Descriptions: 1 point = $.01 per hundred pounds = $4.00
Contract Listing: Nine months in the Even Monthly Cycle: Feb, Apr, Jun, Aug, Oct, Dec.
Ticker: LC
GLOBEX: LE
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 1:30 p.m.
Minimum Fluctuation: Regular0.00025/lb=$10.00
See also: Futures Trading Forum, Live Cattle Futures Charts
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