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Agricultural News


CME Expands Limits on Feeder Cattle Contracts After Five Straight Limit Down Days

Thu, 18 Dec 2014 03:18:19 CST

CME Expands Limits on Feeder Cattle Contracts After Five Straight Limit Down Days CME Group, the world's leading and most diverse derivatives marketplace, has announced it will change daily price limits in its CME Feeder Cattle futures effective Thursday, December 18, pursuant to its emergency action authority.

The current daily price limit for CME Feeder Cattle futures is $3.00 per hundredweight and will change to $4.50 per hundredweight effective on trade date December 18. Additionally, effective December 19, these limits will have the ability to expand by 150 percent to $6.75 per hundredweight on any business day in the event that one of the first two contract months settles at limit on the previous trading day.

CME Feeder Cattle futures have been locked limit for five consecutive days as a result of various factors. This change to daily price limits is necessary to ensure continued price discovery and risk transfer for CME Group customers.

Daily price limits for CME Live Cattle futures will remain unchanged at $3.00 per hundredweight. Effective Friday, December 19, these limits will have the ability to expand by 150 percent to $4.50 per hundredweight in the event that one of the first two contract months settles at limit on the previous trading day.

CME Group will continue to closely monitor these markets and communicate directly with our customers should additional action be required.



   

 

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