Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
    
   
   
   
   
   

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.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Thursday, April 2, 2020 Market Wrap-Up with Justin Lewis  Thu, 02 Apr 2020 15:35:55 CDT
  • Dought Map Continues to Show the Far Western Oklahoma Panhandle in Dire Need of Rain  Thu, 02 Apr 2020 15:42:59 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, April 2, 2020  Thu, 02 Apr 2020 14:49:59 CDT
  • OSU's Kim Anderson Talks with SUNUP about the USDA Planted Acre Estimates   Thu, 02 Apr 2020 14:16:57 CDT
  • Cattle raisers pen letter to USDA on COVID-19 response  Thu, 02 Apr 2020 13:54:47 CDT
  • Inhofe Statement on Saudi Arabia and Russia Agreeing to Reduce Oil Production   Thu, 02 Apr 2020 21:30:52 CDT
  • Today’s Dairy Difficulties to Reverberate for Several Months, NMPF’s Vitaliano Says  Thu, 02 Apr 2020 12:49:57 CDT
  • Agriculture Must Be Included in Disaster Loan Program  Thu, 02 Apr 2020 12:45:57 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.