For example, high temperatures decrease a cattle’s appetite which reduces the amount of weight they gain.įeeder Cattle Futures Prices & Contract Specs Contract SymbolĪgricultural S-T Soybean, Bean Meal Failures Could Have L-T Implications RJO Market Insights Agricultural Momentum, Sentiment, Waves Conspire on Cattle Top RJO Market Insights Agricultural Summer Soybean Bull Needs to Continue to Perform, Or Else RJO Market Insights Agricultural Continued Matif Wheat Recovery Defines New S-T Bull Risk RJO Market Insights Agricultural Corn at Key L-T Crossroads RJO Market Insights Agricultural Address Volatile Soybean Bull & Bear Hedges with Back Spreads RJO Market Insights Agricultural Cattle Reaffirms Secular Bull, Defines New Risk Levels RJO Market Insights Agricultural Cotton Saved from Brink, Reverts to Range Black Hole RJO Market Insights Agricultural Corn Nullifies Broader Bullish Prospects, Resurrects L-T Bear RJO Market Insights Agricultural S-T Wheat Failure Could Have L-T Implications RJO Market Insights Agricultural Matif Wheat Breaks Major Downtrend RJO Market Insights Agricultural Tighten S-T Bull Risk in Now-Prompt Aug Hogs RJO Market Insights Company Contact Us Login 222 South Rivierside Plaza, Suite 1200, Chicago, IL 60606 RJO Global Sites RJO Brien RJO Canada RJO United Kingdom Oasis Investment Strategies Quicklinks Forms & Documents FAQs RJO Webinars Trading Guides Trading Terms Glossary Margins Managed Futures Privacy Policy Disclaimer Clearing Disclosure Firm Disclosures Copyrightįutures trading involves the substantial risk of loss and is not suitable for all investors. When feed prices rise, cattle are often sold at lower weights which results in a drop in price. Feed prices such as hay and corn can directly affect the feeder cattle market.Outbreaks have led to bans in some countries which has resulted in the destruction of livestock in order to reduce the risk of the disease spreading. Similar to live cattle, bovine spongiform encephalopathy (mad cow disease) can impact feeder cattle prices.In feeder trading, a 1 cent move is equal to $500.Which are all months in which live cattle is not traded. Feeder Cattle futures are traded every year in Jan, Mar, May, Apr, Sep, Nov.Feeder Cattle Futures are traded on the CME and through the CME’s Globex electronic platform.The amount of beef imported by the US can affect the price and quantities of domestic cattle purchased. has imported 1.53 billion pounds of beef in 2018, up 1% from 2017. is also one of the largest importers of beef. accounts for 47% of worldwide beef production, making it the largest producer of beef in the world. Feeder cattle were first added to the CME as a livestock product in 1971. Beef saw another spike in the 1950’s with the introduction of the federal highway system. The introduction of the refrigerated rail car in the 1860’s opened up the beef industry by allowing farmers to transport beef across the country. Feeder Cattle Futures HistoryĬattle have been domesticated for the last 10,000 years, however, it wasn’t until the 1800’s that beef started to take off in northern markets. Login Open Account Agricultural Futures Feeder Cattle Futuresįeeder Cattle Futures % High: Low: Feeder Cattle Futures Marketįeeder 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.
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