Commodity Futures Strategic Investors

Cattle | Feeder Cattle | Lean Hogs | Pork Bellies

Feeder Cattle Contracts Overview | Quote-board

FUTURES

OPTIONS

Ticker Symbol Clearing=62; Ticker=FC; GLOBEX=GF

Sample Quote In terms of U.S. cents per pound

Contract Size 50,000 pounds times the CME Feeder Cattle Index per pound for 700 to 849 pound Medium and Large Frame #1 feeder steers.

Minimum Price Fluctuation
(Tick) Floor: Regular - 0.025=$12.50; Cab - 0.0125=$6.25
GLOBEX®: Regular - 0.00025=$12.50

Price Limit Floor:$.030/lb, 300 points, $1500. See Rule 10202.D
GLOBEX®:$.030/lb, 300 points, $1500. See Rule 10202.D

Contract Month Listings Jan, Mar, Apr, May, Aug, Sep, Oct and Nov. Eight months listed @ at time.

Trading Hours Floor: 9:05 a.m.-1:00 p.m. LTD(12:00 p.m.)^
GLOBEX®: 9:05 a.m.-1:00 p.m. LTD (12:00 p.m.)^

Last Trading Day Last Thursday of the contract month, except for the November contract which terminates on the Thursday prior to Thanksgiving Day. Any contract in which a holiday falls on the termination date or any of the four preceding weekdays terminates on the first prior Thursday that is not a holiday and is not so preceded by a holiday.

Final Settlement Rule Cash settled based upon the CME Feeder Cattle Index(TM) for 700 to 849 pound Medium and Large Frame #1 feeder steers for the seven days ending on the Thursday on which trading terminates.

Position Limits/
Accountability 1000 contracts long or short in any contract month; 300 contracts long or short in the spot month during the last ten days of trading. For positions involving options on Feeder Cattle futures, this rule is superseded by the option speculative position limit rule.

Trading Venue Floor, GLOBEX®

Ticker Symbol Clearing=62; Ticker; Calls=KF; Puts=JF

Contract Size One Feeder Cattle Futures Contract

Minimum Price Fluctuation
(Tick) Floor: Regular - 0.00025=$12.50; Cab - 0.000125=$6.25

Price Limit Floor:n/a

Contract Month Listings Jan, Mar, Apr, May, Aug, Sep, Oct, Nov and Flex? Options^^^^ Eight option months listed.

Trading Hours Floor: 9:05 a.m. - 1:02 p.m. LTD(12:00 p.m.)^

Last Trading Day The same date and time as the underlying futures contract

Position Limits/
Accountability No person shall own or control a combination of options and underlying futures that exceeds: 1. 1000 futures equivalent contracts net on the same side of the market in any contract month; 2. 300 futures equivalent contracts net on the same side of the market in the spot month during the last ten days of trading. For the purpose of this rule, the futures equivalent of an option contract is 1 times the previous business day's IOM risk factor for the option series. Also for purposes of this rule, a long call option, a short put option, and a long underlying futures contract are on the same side of the market; similarly, a short call option, a long put option, and a short underlying futures contract are on the same side of the market.

Trading Venue Floor