Commodity Futures: Livestock Contracts on Cattle, feeder Cattle, Lean Hogs and Pork Bellies Investor reports.

Cattle | Feeder Cattle | Lean Hogs | Pork Bellies

Cattle Contracts Overview | Quote-board

FUTURES

OPTIONS

Ticker Symbol Clearing=48; Ticker=LC; GLOBEX=LE

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

Contract Size 40,000 pounds of 55% choice, 45% select grade live steers

Minimum Price Fluctuation
(Tick) Floor: Regular - 0.025=$10.00
GLOBEX®: Regular - 0.025=$10.00

Price Limit Floor:$.030/lb, 300 points, $1200 expandable See Rule 10102.D
GLOBEX®:$.030/lb, 300 points, $1500. See Rule 10102.D

Contract Month Listings Feb, Apr, Jun, Aug, Oct, Dec, Seven months in the February Bi-Monthly Cycle. Jan, Mar, May, Jul, Sep, Nov, Two months in the Serial Cycle.

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 The last business day of the contract month.

Final Settlement Rule Final determination of the settlement price is determined by the Trading Floor Pit Committee. Contract is physically deliverable.

Position Limits/
Accountability FOR CONTRACTS BEFORE DECEMBER 2003. For futures in the even and odd month cycle: 3,300 contracts long or short in any month, 300 contracts long or short in the expiring month at the end of the first business day after the first Friday of the month, and 300 contracts long or short during the last five business days of the expiring month. For positions with options, the option position limit rule prevails. FOR CONTRACTS ON OR AFTER DECEMBER 2003. For futures in the even month cycle: 3,300 contracts long or short in any month, 450 contracts long or short in the expiring month at the end of the first business day after the first Friday of the month, and 300 contracts long or short during the last five business days of the expiring month. For futures in the odd month cycle: 3,300 contracts long or short in any month, 300 contracts long or short in the expiring month at the end of the first business day after the first Friday of the month. For positions with options, the option position limit rule prevails.

Trading Venue Floor, GLOBEX®

Ticker Symbol Clearing ; Calls/Puts=48; Ticker; Calls=CK; Puts=PK

Contract Size One Live Cattle Futures Contract

Minimum Price Fluctuation
(Tick) Floor: Regular - 0.025=$10.00; Cab - 0.0125=$5.00

Price Limit Floor:n/a

Contract Month Listings Feb, Apr, Jun, Aug, Oct, Dec, plus Serial Months, and Flex Options^^^^ Six months in Feb bi-monthly cycle. One serial month.

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

Last Trading Day The first Friday of the delivery month of the underlying futures contract for the non-delivery period options in the February cycle months. If that Friday is not a business day, then trading terminates on the immediately preceding business day. On the first Friday of the contract month, which is also a business day, for those months not in the February bi-monthly cycle.

Position Limits/
Accountability No person shall own or control a combination of options and underlying futures that exceeds 3,300 futures equivalent contracts net on the same side of the market in any contract month. 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