What is the price of live cattle today?
Live CattleCommodity
| Name | Price | Date |
|---|---|---|
| Live Cattle | 1.33 | 5/6/22 02:05 PM |
| Lean Hog | 1.02 | 5/6/22 02:05 PM |
| Corn | 7.92 | 5/6/22 02:14 PM |
| Feeder Cattle | 1.59 | 5/6/22 02:05 PM |
How much is a live cattle futures contract?
Live cattle futures contract specifications $0.025/cwt (0.025 cents per pound), worth $10.00 per contract.
What is the symbol for live cattle futures?
LE
Live Cattle Jun ’22 (LEM22)
| Barchart Symbol | LE |
|---|---|
| Exchange Symbol | LE |
| Contract | Live Cattle |
| Exchange | CME |
| Tick Size | 0.00025 per pound ($10.00 per contract) |
Why are cattle futures dropping?
The past week ended with cattle futures falling as traders worried over the state of the economy. Cattle prices are a reflection of a portion of the economy. The coming week will pit pessimistic views expressing the opinion that cattle prices will fall $10-12 cwt.
How do you trade live cattle?
One way to trade live cattle is through the use of a contract for difference (CFD) derivative instrument. CFDs allow traders to speculate on the price of live cattle. The value of a CFD is the difference between the price of live cattle at the time of purchase and its current price.
What are feeder cattle futures?
Feeder cattle are a popularly traded futures commodity which refers to cattle that have been raised to 600-800 pounds and are sent to feedlots in order to gain enough weight to be ready for slaughter (1000-1300 pounds) at which point they become live cattle. This process takes roughly 3-4 months.
Why are feeder cattle more expensive than live cattle?
Feeder cattle typically need to gain more than 500 pounds before they reach slaughter weights, so corn prices have a big impact on feeder cattle prices. Live cattle, on the other hand, are ‘finished’ products that are ready for sale to slaughterhouses.
Is there money in feeder cattle?
Fed cattle can make money, even as high input costs continue to plague cattle-feeding profitability. With high feeder cattle and ration costs putting fed-cattle breakevens in the $1.25/lb.
What happened to cattle futures Aug 22?
Aug 22 Cattle cl… Read more Fat cattle futures pretty much held their own today. All contract months saw both sides of unchanged. Although the news of the European conflict is… Corn price strength has pushed feeder cattle futures more than $14 (8.2%) lower since mid-Feb. The fats also retreated $7.80 (5.2%) during the same time…
How high did fat cattle futures rise in December?
Fat cattle futures extended their December bounce back through the Thursday close. December contracts were the strongest mover in the front months, gaining $1.65, while the others were 52 to 97 cents higher.
What was the average price for cattle sales through Thursday?
USDA saw a wide range for cash cattle sales so far this week through Thursday, from $137 to $142.50. They had the bulk of business above $140. Feeder cattle ended the Thursday session with a 5 cent giveback in Jan, but otherwise 42 to 50 cent gains. The CME Feeder Cattle Index was26 cents lower on 12/1 at $161.34.
What was the price of cattle on Apr 22?
Apr 22 Cattle closed at $140.525, down $0.900, Aug 22 Cattle cl… Read more Fat cattle futures pretty much held their own today. All contract months saw both sides of unchanged. Although the news of the European conflict is… Corn price strength has pushed feeder cattle futures more than $14 (8.2%) lower since mid-Feb.