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

Agricultural News

CME Group Announces Measures to Further Enhance Livestock Markets

Wed, 10 Feb 2016 09:56:15 CST

CME Group Announces Measures to Further Enhance Livestock Markets

CME Group, the world's leading and most diverse derivatives marketplace, today announced it will take a number of steps designed to further enhance its livestock markets.   
Reduction of CME livestock trading hours: based on customer requests, CME livestock futures and options trading hours will be reduced to align with the period of greatest liquidity in these markets. During 2015, roughly 87 percent of daily livestock futures and options trades occurred during the proposed hours.

Effective Monday, February 29, and pending CFTC approval, the proposed trading hours for Live Cattle, Feeder Cattle and Lean Hog futures and options will be as follows:
CME Globex futures and options 8:30 a.m. to 1:05 p.m. CT Monday to Friday
Open outcry options 8:30 a.m. to 1:02 p.m. CT Monday to Friday

The daily settlement period and procedures for CME livestock contracts will remain unchanged.
Review of Worthing, South Dakota delivery point for Live Cattle: CME Group will conduct a public review with cattle customers to study if a discount is warranted at its Worthing delivery point for Live Cattle futures. The review will take place during the month of February and potential changes will be announced during Q1 of 2016.
Formation of a cattle market joint working group: CME Group will form a working group with the National Cattlemen's Beef Association to discuss other possible enhancements to its cattle markets, including, but not limited to, circuit breakers and other measures to further heighten market quality.

"Nothing is more important to us than the integrity of our markets, which help farmers and ranchers to discover prices and transfer risk," said Tim Andriesen, CME Group Managing Director of Agricultural Products. "We believe these actions will further enhance our cattle markets for all participants."

In addition to the measures described above, CME Group recently added livestock products to its messaging efficiency program on Monday, February 1.

For more information on the above modifications to CME livestock futures and options markets or to provide your feedback to other measures visit www.cmegroup.com/livestock updates.

Live Cattle, Feeder Cattle and Lean Hog futures and options contracts are all listed with an subject to the rules and regulations of CME.


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Latest Road to Rural Prosperity Features Jed Green, the Founder of the Group Oklahomans for Responsible Cannabis Action  Sat, 23 Oct 2021 18:50:06 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Friday, October 22, 2021  Fri, 22 Oct 2021 15:19:14 CDT
  • Friday, October 22, 2021, Market Wrap-Up with Justin Lewis  Fri, 22 Oct 2021 15:15:18 CDT
  • Labor Shortages are the Root Cause of Stagnant Cattle Prices Says Justin Benavidez  Fri, 22 Oct 2021 13:14:24 CDT
  • OSU Inks Head Football Coach Mike Gundy to New Contract  Fri, 22 Oct 2021 13:11:06 CDT
  • Dairy Management Inc. 2020 Annual Report Available Online  Fri, 22 Oct 2021 12:40:03 CDT
  • Sign Up Now for the 2022 National Farmers Union Women's Conference  Fri, 22 Oct 2021 12:33:48 CDT
  • OSU Agriculture Honors Distinguished Group During Ceremony  Fri, 22 Oct 2021 11:54:25 CDT

  • More Headlines...

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.