How much does a live cattle contract cost?

Each CME Group Live Cattle futures contract (LE) represents 40,000 pounds of live steers or heifers and trades with a minimum price fluctuation of $.00025 per pound, or $10 per tick. However, unlike Feeder Cattle futures, the Live Cattle contract is physically delivered at expiration.

What are feeder cattle futures?

Feeder cattle futures are one of the most widely traded livestock futures contracts in the U.S. Feeder cattle futures contracts represent the delivery of cattle that are ready to be sold for use in industries including agriculture and in the manufacture of consumer goods.

What time is the CME feeder cattle contract available?

The contract is available Monday – Friday from 8:30 a.m. to 1:05 p.m. Central Time (CT) and is financially settled against the CME Feeder Cattle Index, which is calculated using U.S. Department of Agriculture (USDA) reported auction sale data.