What is Open interest? How can I use it to trade Live Cattle Futures?

Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Live Cattle Futures this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Live Cattle Futures shows that traders are closing their positions, which means a weakening trend.

BGIJ2016 Charts and Quotes — TradingView

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Live Cattle Futures chart

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Forward curve

A representation of what an asset is worth today and what the market thinks it will be worth in the future.

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Frequently Asked Questions

The nearest expiration date for Live Cattle Futures is Apr 29, 2016.

The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Live Cattle Futures before Apr 29, 2016.