Cme feeder cattle futures specs full#

As of January 1, 2022, the number of cattle and calves on U.S. As of January 1, 2023, the number of cattle on farms in India (the world's largest herd) rose by +0.3% to 307.550 million head, and on Brazilian farms (the world's second-largest herd) rose by +0.3% to 194.365 million head. Supply - The number of world cattle as of January 1, 2023, rose by +0.1% to 941.1 million head. Cattle prices finished 2022 up +13.7% yr/yr at $1.5790 per pound. A plunge in beef packer profit margins to record lows prompted cattle ranchers to send fewer cattle to slaughter as October cattle-on-feed placements tumbled -6.1% yr/yr to 2.108 million head, the lowest in 10 years. That also led to lighter cattle weights and smaller beef supplies as the average cattle slaughter weight fell to a 3-year low in late June. Plains in mid-2022 killed thousands of cattle. However, cattle prices then trended higher the remainder of the year and posted a 7-1/2 year high of $1.5893 a pound in December. cold storage up to 520 million pounds in May, an all-time high for the month of May. Sinking demand pushed beef supplies in U.S. Cattle prices then sold off through May to a 1-year low of $1.323 a pound as soaring beef prices undercut consumer demand, with ground beef prices surging to a record high of $4.19 a pound in April. cattle herd dropped to 91.9 million head, the smallest herd since 2016. The USDA's biannual cattle inventory report in January showed the U.S. plains in 2021 squeezed supplies of hay and feed for cattle, prompting some ranchers to slaughter cattle usually held for breeding. Abnormally dry conditions in the northern U.S. Tighter cattle supplies pushed prices higher in early 2022. Prices - CME live cattle futures prices ( symbol LE) started 2022 strong and climbed to a 7-year high in April of $1.4423 a pound. Both the live and feeder cattle futures contracts trade in terms of cents per pound. Futures and options on live cattle and feeder cattle are traded at the CME Group.

Cme feeder cattle futures specs full#

After reaching full weight, the cattle are sold for slaughter to a meatpacking plant. The animal is considered 'finished' when it reaches full weight and is ready for slaughter, typically at around 1,200 pounds, which produces a dressed carcass of around 745 pounds. The mix includes grain (corn, milo, or wheat), a protein supplement (soybean, cottonseed, or linseed meal), and roughage (alfalfa, silage, prairie hay, or an agricultural by-product such as sugar beet pulp). When the cattle reach 600-800 pounds, they are typically sent to a feedlot and become 'feeder cattle.' In the feedlot, the cattle are fed with a special food mix to encourage rapid weight gain. The calves usually spend 6-10 months in the stocker operation, growing to near full-sized by foraging for summer grass or winter wheat. The calves are weaned from the mother after 6-8 months, and most are then moved into the 'stocker' operation. This allows the calves to be born during the milder weather of spring and provides the calves with ample forage through the summer and early autumn. Most ranchers breed their herds of cows in summer, thus producing a new crop of calves in spring (the gestation period is about nine months). The beef cycle begins with the cow-calf operation, which breeds the new calves. The last business day of the contract month 6.75 cents per pound ($2,700 per contract) Expanded limit 10 centsįeb, Apr, Jun, Aug, Oct, Dec (G, J, M, Q, V, Z)Ĩ:30a.m.