Trade Live Cattle Spot CFD

Trading Conditions

• Type: CFD
• Spread: 0.1
• Long position overnight funding adjustment: -0.01096%
• Short position overnight funding adjustment: -0.01096%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: USD
• Min traded quantity: 0.1
• Margin: 1.50%
• Commission on trade: 0%
• Guaranteed stop premium: 0.1%

Trade Live Cattle Spot CFD

Price constructed using front two months of Live Cattle futures.

Each day at 18:04:55 UTC, the undated commodity price is adjusted to reflect the difference between the settlement price of front- and back-month futures. At the same time, a matching cash adjustment is applied — ensuring the overall position remains neutral as the roll progresses. This cash adjustment is fully offset by the running profit or loss on the position.

Live cattle are raised for the production of beef until they reach a particular weight, usually between 1,200 and 1,400 lbs. When the calves grow and reach this weight limit they are sent to feedlots and are ready to be sent to slaughterhouses. Live cattle futures are traded on the Chicago Mercantile Exchange (CME Globex) under the ticker symbol LE. The contract size comprises 40,000 pounds (18 metric tonnes). The United States, which is the one of the world’s major cattle producing countries exports 2 billion beef pounds annually. Demand and supply factors for beef play the most significant role in forming live cattle prices.