Feeder Cattle Futures

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.


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