![]() This tends to lower prices for cattle futures. If the feed prices are too high, cattle will normally be sent to market earlier and at lower weights. The price of commodities futures on the grain complex – typically futures such as corn, soybeans and wheat – can also impact live cattle futures prices.Memorial Day holiday and lasts through the warmer seasons across the nation. Live cattle futures prices typically raise ahead of prime grilling season, which begins on the U.S.Outbreaks have led countries to ban imports and exports from various countries around the world and have resulted in the destruction of thousands of livestock in order to reduce the potential spread of the disease. Bovine spongiform encephalopathy (BSE), also known as mad cow disease, can impact live cattle futures prices.When determining CME’s live cattle profit and loss figures, the difference is calculated between the contract price and the exit price, the result is then multiplied by $4.00. In a live cattle contract, a 1-cent move is equal to $4.Live cattle futures are delivered every year in February, April, June, August, October and December.In addition to the CME, live cattle futures trade through the CME’s Globex electronic platform and the Brazilian Mercantile and Futures Exchange (BMF).In addition, the seasonal aspects of meat production, cyclical aspects of the cattle industry and consumer’s desire for meat products make the contract attractive to commodities futures traders. This directly affects the prices of live cattle futures prices. It is estimated that a person eats an average of 67 pounds of meat and drink approximately 100 quarts of milk per year. The United States, Brazil and China are the world’s largest consumers of beef, according to the United Stated Department of Agriculture. Live cattle futures began trading in 1964 on the Chicago Mercantile Exchange (CME) as a non-storable commodity futures product. Live cattle futures are widely-traded commodities futures contracts, referring to cattle (cows) that have reached the requisite weight for slaughter, or about 1000 to 1300 pounds, which takes about six to ten months. Live Cattle Futures % High: Low: Live Cattle Futures Market Login Open Account Agricultural Futures Live Cattle Futures ![]()
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