Live Cattle

17486.85
0.13%

Daily
  • L. 17438.1
  • H. 17514.4
  • Ch. -23.2
  • Ch.% -0.13%
Overview
Costs & Margins
  • Live cattle is an agricultural commodity traded primarily on the Chicago Mercantile Exchange (CME). Live cattle represents full-grown cattle that weigh on average 850 to 1200 pounds, with heifers at the lower end and steers several hundred pounds heavier. A single contract of live cattle is measured at 40,000 pounds.

    The largest producers of live cattle are the US, Brazil, EU, China and India in that order. Live cattle prices are primarily affected by levels of supply and demand. Introduced to commodity exchanges in 1964, live cattle were the first non-storage agricultural commodity. Live cattle should not be confused with feeder cattle, a separate commodity.

  • Margin From
    20 %
  • Trading Hours
    1:30:00 PM - 6:05:00 PM
  • Min Trade Size
    1
  • Long
    0
  • Short
    0
  • Min Stop Distance
    0 Points
  • Guaranteed Order Minimum
    0.1 Points
  • Spreads
  • Spreads From
    9.0 Points
  • Margins
  • 0 +
    20 %
  • Dealing
  • Spreads
    9.0 Points
  • Guaranteed Order Min Distance
    0.1 Points
  • Margins
  • 0 +
    20 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
17499.3
Bid
17476.1
Offer
17492.6
Distance
0
Last Updated: 4/17/2024 6:05:00 PM
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Is commodity trading good for beginners?

Commodity trading can be a good option for beginners, as long as you understand the risks involved and have a solid trading strategy in place. If you’re new to the markets, though, we’d recommend going through the City Index Academy and trying out trading risk-free in our free demo before opening a live account.

You can use your City Index demo to buy and sell our full range of markets, including commodities, with virtual capital. It’s a great way to see which asset classes are a good fit for you without risking any real capital.

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How do I calculate how much margin I need to trade a commodity?

To work out how much margin you need to trade a commodity market, you divide the notional value of your position by its margin factor. Say, for example, that you want to open an oil position worth $5000 and oil has a margin factor of 10%. You’d need (10% of $5000) $500 as margin.

How you calculate the notional value of your trade depends on how you’re trading the commodity. With CFDs, it’s the number of contracts you’re trading multiplied by the value of each individual contract.

Learn more about how to trade commodities.

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Can anyone trade commodities?

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