CME:GF Feeder Cattle Futures [SERIES]
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 transfered to feedlots and they will be considered feeder cattle at this point. They remain on the feedlots for about another five months where they will put on about another 500 pounds.. Product Code: CME Globex: GF. Contract Unit: 50,000 pounds (~23 metric tons). Price Quotation: U.S. cents per pound. Minimum Price Fluctuation: 0.00025 per pound = $12.50. Settlement Method: Financially Settled. 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 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. Listed Contracts: 8 monthly contracts of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov.