live cattle futures

live cattle futures definition - finance
A futures contract that is traded on the Chicago Mercantile Exchange (CME). When live cattle futures were introduced in 1964, the concept of trading futures on a live and non-storable commodity was revolutionary.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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