do feeder cattle futures follow fed cattle futures

For example, On June 5, 2020, contracts for June 2020, August 2020, October 2020, December 2020, February 2021, April 2021, June 2021, August 2021, October 2021 would be available for trading.

Contracts expire in February, April, June, August, October, and December and 9 contracts are available at any time in order of expiry. Trading on the contract are subject to price limits of $0.03 per pound above or below the previous day's contract settlement price. Minimum tick size for the contract is $0.025 per pound ($10 per contract). Live cattle futures and options are traded on the Chicago Mercantile Exchange (CME), which introduced live cattle futures contracts in 1964. Businesses that purchase beef as an input could also hedge beef price risk by purchasing live cattle futures contracts. Producers and buyers of live cattle can also enter into production and marketing contracts for delivering live cattle in cash or spot markets that include futures prices as part of a reference price formula. Conversely, meat packers, and merchant importers can hedge future buying prices for cattle.

Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices.

Do feeder cattle futures follow fed cattle futures