Hay Contract For Cattle
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FAQ
Live cattle futures contracts represent 40,000 pounds of market ready cattle and are traded electronically on the Globex platform Monday a.m. ET to p.m. ET.
When the calf starts on feed, first provide high-quality grass hay for free choice consumption (3% of body weight; 15 lbs per day for a 500 lb calf). Also make sure the calf has access to plenty of clean, fresh, cool water. Water is the most important nutrient for all animals.
Feeder cattle futures contract specifications ExchangeChicago Mercantile Exchange, FCContract Size50,000 poundsMinimum Tick Size and Value0.025/cwt (0.025 cents per pound), worth $12.50 per contract.2 more rows
Feeder cattle futures are traded electronically on the Globex® platform Monday from a.m. U.S. ET to p.m. U.S. ET. Principal trading months for feeder cattle futures and options are January, March, April, May, August, September, October, and November.
Most experts recommend mixing alfalfa with grass hay, rather than relying exclusively on alfalfa hay. Alfalfa hay is often recommended for dairy cattle but may not be a good fit for beef cattle since it can lead to bloating. Legume hay is another nutritious option for cattle, since it's high in protein.