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

Notes[edit]

Also See[edit]

CME Group commodity products

Resources[edit]