Ticker Symbol: FC
Trading Unit: 50,000 lbs. 700 to 799 lb. feeder steers
Price Quote: $ per hundred pounds (or cents/pound)
Min Price Fluct: .025 = $12.50/tick
Daily Price Limit: ISO - $750.00 $1.50/hundred pounds or 1.5c/pound
Contract Months: Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
Trading Hours: 9:05 am-1:00 pm (Chicago Time):
Last day: 9:05 am-12:00 pm
Last Day of Trading: The last Thursday of the contract month, except that trading in the November contract shall terminate on the Thursday prior to Thanksgiving Day, unless a holiday falls on that Thursday or on any of the four weekdays prior to that Thursday, in which case trading shall terminate on the first prior Thursday that is not a holiday and is not so preceded by a holiday.
Settlement: Cash settled to the CME Composite Weighted Average Price for feeder steers calculated from published USDA data using a simple public formula.