Feeder Cattle Futures Contract
Feeder cattle are steers or heifers mature enough to be placed in a feedlot where they will be fattened prior to slaughter. Feeder calves are less than 1 year old & feeder yearlings are between 1 and 2 years old. Both types are often produced in a cow-calf operation. Investors can actively trade this commodity futures contract for both speculative and hedge purposes.
Contract Unit
50,000 pounds
Futures Contract
Symbol
CME Globex: GF
Trading Hours
CME Globex: Monday – Friday 8:30 a.m. – 1:05 p.m. Chicago/Central Time (CT).
Minimum Price
Fluctuation
0.00025 per pound = $12.50
Contract Months
January, March, April, May, August, September, October & November
Settlement Method
Cash settled
Price Limit / Circuit
Source: CME Group
The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.
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