CME Group feeder cattle
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| Feeder cattle Futures | ||
|---|---|---|
| Contract Unit | 50,000 pounds (~23 metric tons) | |
| Price Quotation | U.S. cents per pound | |
| Trading Hours | CME Globex: | Monday - Friday: 8:30 a.m. - 1:05 p.m. CT (9:30 a.m. - 2:05 p.m. ET)
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 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
| Minimum Price Fluctuation | 0.00025 per pound = $12.50
TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright | |
| Product Code | CME Globex: GF
CME ClearPort: 62 Clearing: 62 TAS: GFT | |
| Listed Contracts | 8 monthly contracts of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov | |
| Settlement Method | Financially Settled | |
| Termination of Trading | Trading terminates on the last Thursday of the contract month. If the last Thursday of the contract month is not a business day, trading terminates on the prior Thursday. | |
| 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 | Livestock Settlement Procedures | |
| Position Limits | CME Position Limits | |
| Exchange Rulebook | CME 102 | |
| Block Minimum | Block Minimum Thresholds | |
| Price Limit or Circuit | Price Limits | |
| Vendor Codes | Quote Vendor Symbols Listing | |
| Feeder Cattle Options | ||
|---|---|---|
| Minimum Price Fluctuation | Full Tick = $.00025 per pound (=$12.50 per contract);
Half Tick = $.000125 per pound (=$6.25 per contract) | |
| Price Quotation | 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: GF
CME ClearPort: 62 Open Outcry: Put: JF Call: KF Clearing: 62 | |
| Listed Contracts | 8 months of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov | |
| Termination of Trading | Last Thursday of the contract month with exceptions for November and other
months, 12:00 p.m. - See CME Rule 102A01.I. | |
| Positon Limits | CME Position Limits | |
| Exchange Rulebook | CME 102A | |
| Block Minimum | Block Minimum Thresholds | |
| Price Limit or Circuit | Price Limits | |
| Vendor Codes | Quote Vendor Symbols Listing | |
| Strike Price Listing Procedures | $.02 for all months; $.01 for the nearest 3 months; $.005 for spot month
See CME Rule 101A01.E. | |
| Exercise Procedure | American Style See CME Rule 102A02 | |
| Settlement Method | Deliverable | |
| Underlying | Feeder Cattle Futures | |