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Live cattle futures and options are traded on the Chicago Mercantile Exchange (CME), which introduced live cattle futures contracts in 1964. [6] Contract prices are quoted in U.S. cents per pound. Minimum tick size for the contract is $0.025 per pound ($10 per contract).
The minimum tick size for the contract is $0.00025 per pound ($12.50 per contract). Trading on the contract are subject to price limits of $0.045 per pound above or below the previous day's contract settlement price.
In the United States, grazing fees are generally charged per AUM (animal unit month). (Some additional fee or fees may be charged in various jurisdictions, e.g. per application.) On US federal grazing land, the grazing fee for 2012 (as for 2011) is $1.35 per AUM. [3] As of 2015, the grazing fee has been increased to $1.69. [3]
U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten ...
A pound of 100% ground beef chuck cost $5.59 in October, a penny more than in September. Fresh whole chicken went from $1.98 to $1.99 per pound, maintaining the same pricing as January 2024.
The decline in cattle numbers led to soaring U.S. beef prices and a flurry of cheaper imports. Beef imports from Australia jumped 72% through July this year, according to U.S. Department of ...
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