On this page
Contract specifications
- Contract symbol
- LEM9
- Product
- Live Cattle (LE)
- Exchange
- CME
- Delivery month
- June 2029 (code M)
- Last trading day
- June 29, 2029
- Default rolls on
- June 25, 2029 (4 days before)
- Tick size
- 0.025
- Tick value
- $10.00
- Point value
- $400.00
- Next delivery
- LEQ9 (August 31, 2029)
When LEM9 stops trading
Trading terminates on the last business day of the contract month. For LEM9 that falls on June 29, 2029.
Senzoukria stops offering LEM9 as the default contract on June 25, 2029, 4 calendar days before that last trading day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.
When the volume actually leaves
Livestock contracts follow the production calendar, so the listed months are uneven and the gap between two deliveries can be two months. The active month is the one carrying the volume.
For LEM9 the next listed delivery is LEQ9, whose last trading day is August 31, 2029. That is the contract the volume moves into, just as it moved out of LEJ9 on April 26, 2029.
What one tick is worth on LEM9
The minimum price fluctuation is 0.025, which is $10.00 per contract on a multiplier of 400. A full point is therefore $400.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.025 sets how finely the bid and ask volume of LE can be read.
These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a LEM9 position and the rows of its footprint come from the same numbers.
Every LE delivery listed in 2029
LE lists 6 delivery months a year (G, J, M, Q, V, Z). LEM9 is number 3 of 6 in 2029.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| LEG9 | Feb 2029 | Feb 28, 2029 | Feb 24, 2029 |
| LEJ9 | Apr 2029 | Apr 30, 2029 | Apr 26, 2029 |
| LEM9 (this page) | Jun 2029 | Jun 29, 2029 | Jun 25, 2029 |
| LEQ9 | Aug 2029 | Aug 31, 2029 | Aug 27, 2029 |
| LEV9 | Oct 2029 | Oct 31, 2029 | Oct 27, 2029 |
| LEZ9 | Dec 2029 | Dec 31, 2029 | Dec 27, 2029 |
Related pages
- LE — Live Cattle
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Back month contract
- Roll yield
- LEQ9
- LEJ9
- LE 2029
In the same section
This page in other languages
Frequently asked questions
- When does LEM9 expire?
- The last trading day of LEM9 is June 29, 2029. Trading terminates on the last business day of the contract month.
- When should I roll out of LEM9?
- The app switches its default to the next listed month on June 25, 2029, which is LEQ9. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the last trading day.
- How much is one tick of LEM9 worth?
- One tick of 0.025 is $10.00 per contract, and a full point is $400.00, on a multiplier of 400.