Live Cattle Futures (CME: LE) : Seasonally cattle price moves higher from November to January. Prices tend to move lower from February to May. Cattle from the calf stage to the point when they reach about 600 to 800, which takes about six to ten months. Product Code: CME Globex: LE. Contract Unit: 40,000 pounds (~18 metric tons). Price Quotation: U.S. cents per pound. Minimum Price Fluctuation: 0.00025 per pound = $10.00. Settlement Method: Deliverable. Trading Hours: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT (9:30 a.m - 2:05 p.m. ET). Termination Of Trading: Trading terminates at 12:00 Noon CT on the last business day of the contract month. Listed Contracts: 9 monthly contracts of Feb, Apr, Jun, Aug, Oct, Dec. Feeder Cattle Futures (CME: GF) : Seasonally cattle price moves higher from November to January. Prices tend to move lower from February to May. When cattle reaches about 600 to 800 pounds, they are transf
WTI Crude Oil Futures (CME NYMEX: CL) : WTI = West Texas Intermediate. Also called as Texas light sweet. Medium crude oil, relatively low density and sweet (low sulfur content). Major trading hub and delivery point for WTI crude contracts is Cushing, Oklahoma. Contract Unit: 1,000 barrels. Price Quotation: U.S. dollars and cents per barrel. Minimum Price Fluctuation: 0.01 per barrel = $10.00. Settlement Method: Deliverable. Trading hours: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT. Termination Of Trading: Trading terminates 3 business day prior to the twenty-fifth calendar day of the month prior to the contract month. Listed Contracts: Monthly contracts listed for the current year and the next 10 calendar years and 2 additional contract months.