CME Group feeder cattle

Feeder cattle Futures 	Feeder cattle Futures 	Feeder cattle Futures
Contract Unit 	50,000 pounds (~23 metric tons) 	50,000 pounds (~23 metric tons)
Price Quotation 	U.S. cents per pound 	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)
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
Minimum Price Fluctuation 	0.00025 per pound = $12.50
TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright 	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 	CME Globex: GF
CME ClearPort: 62
Clearing: 62
TAS: GFT
Listed Contracts 	8 monthly contracts of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov 	8 monthly contracts of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
Settlement Method 	Financially Settled 	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.	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	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 	Livestock Settlement Procedures
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 102 	CME 102
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Feeder Cattle Options 	Feeder Cattle Options 	Feeder Cattle Options
Minimum Price Fluctuation 	Full Tick = $.00025 per pound (=$12.50 per contract);
Half Tick = $.000125 per pound (=$6.25 per contract)	Full Tick = $.00025 per pound (=$12.50 per contract);
Half Tick = $.000125 per pound (=$6.25 per contract)
Price Quotation 	Cents per per pound 	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
Trading Hours 	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	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	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.	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 	CME Position Limits
Exchange Rulebook 	CME 102A 	CME 102A
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	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.	$.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 	American Style See CME Rule 102A02
Settlement Method 	Deliverable 	Deliverable
Underlying 	Feeder Cattle Futures 	Feeder Cattle Futures
== Notes ==
== Also See ==
CME Group commodity products
== Resources ==
*CME Group Web site
*Feeder Cattle Contract Specification
*Livestock Settlement Procedures
*CME Procedure Limits
*CME 102
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
Category:Feeder Cattle Futures Contracts
Category:Futures Contracts Traded on CME Group
Category:Agricultural Futures Contracts
Category:Feeder cattle Options
Category:Options Traded on CME Group
Category:Agricultural Options
Category:Futures Data in Template
Category:CME Group