How are feeder cattle futures contracts priced?
Feeder cattle is priced based on the “weighted average” of USDA prices in Colorado, Iowa, Kansas, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas and Wyoming.
How large is a feeder cattle futures contract?
Feeder cattle futures contracts include 50,000 pounds of livestock.
What is excluded from a feeder cattle futures contract?
Livestock that are labeled as fancy, thin, fleshy, gaunt or full are not included in feeder cattle futures contracts.