GF Futures (Feeder Cattle): Tick Value, Expiries, Order Flow

GF contract specifications

The contract unit is 50,000 pounds, quoted in cents per pound. The minimum fluctuation is $0.00025 per pound (0.025 cent), worth $12.50 per contract, and one cent per pound is worth $500 per contract. There is no delivery: open contracts are cash-settled on the CME Feeder Cattle Index for the seven calendar days ending on the last trading day. Senzoukria's contract table holds the tick as 0.025 with a multiplier of 500 on the CME venue code.

GF last trading day and next contracts

Trading ends on the last Thursday of the contract month, with two exceptions: the November contract ends on the Thursday before Thanksgiving, and any month in which a holiday falls on the last Thursday or on one of the four weekdays before it ends on the first prior Thursday that is neither a holiday nor preceded by one.

For GFV6, the default moves to the next listed month on October 25, 2026 (4 calendar days before October 29, 2026), and GFV6 stays selectable with its badge until that date.

Senzoukria's expiry engine uses the last Thursday without the exceptions, so for GFX6 it computes November 26, 2026 (Thanksgiving) where the exchange ends trading on November 19; its picker keeps GFX6 listed a week longer than it trades.

GF tick value and P&L arithmetic

• One tick = 0.025 × $500 = $12.50 per contract.
• One cent per pound = 40 ticks = $500 per contract.
• 20 ticks (0.5 cents) = $250 per contract, $750 on 3 contracts.
• One tick of slippage in the automatic backtest costs $12.50 per contract on each entry.

Reading GF order flow

With row resolution off, a GF footprint has one row per tick of 0.025 cents. The fixed steps give 2 ticks = 0.05, 4 ticks = 0.1, 8 ticks = 0.2, 16 ticks = 0.4, 32 ticks = 0.8 cents per row.

Feeder cattle covers 50,000 pounds, so its 0.025-cent tick is worth $12.50 against $10 on live cattle; one cent is $500. It is cash-settled on the CME Feeder Cattle Index: unlike live cattle, it has no delivery process and no first notice day.

Using GF in Senzoukria

• Symbol picker on a Rithmic or Databento CME source: type GF; on September 25, 2026 the listed contract is GFV6 (October 2026), in the Livestock family.
• Heatmap and DOM show that contract's book with CME as the venue in the ladder header.
• Replay lists GF in the Livestock group. In the automatic backtest, set Point value ($) to 500; the field defaults to 2, the MNQ value.