CME:LE Live Cattle Futures [TREND]
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.