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Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

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CME Group amendments to Feeder Cattle Futures and Options contracts

Effective Friday, May 25, 2018, Chicago Mercantile Exchange Inc. will amend the Feeder Cattle Futures contract to include commented cattle in the calculation of the Feeder Cattle Index price. The Feeder Cattle Index will no longer exclude cattle identified on USDA-AMS reports as being fancy, thin, fleshy, gaunt or full.

In addition, effective immediately, the exchange will delay the listing of the May 2019 of its Feeder Cattle futures and options contracts. The May 2019 contract month of the contracts, originally scheduled to be listed on May 28, 2018, will be listed on June 10, 2018 for trade date June 11, 2018.

Click here to read more…

Written by:
kristin
Published on:
May 22, 2018

Categories: General, The Cattleman Now

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