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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