• Amendments to CME Rulebook Chapters 7 ("Delivery Facilities and Procedures") and 101 ("Live Cattle Futures")

      • #
      • MSN03-13-17
      • Notice Date
      • 13 March 2017
      • Effective Date
      • 27 March 2017
    • Effective Sunday, March 26, 2017 for trade date Monday, March 27, 2017, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. ("CME" or "Exchange"), will amend CME Rulebook Chapter 7 ("Delivery Facilities and Procedures") and Chapter 101 ("Live Cattle Futures") commencing with the April 2017 Live Cattle Futures contract month and beyond as summarized below.

      • Implement terms and conditions that livestock yards and slaughter plants must comply with in order to be designated and approved for live cattle deliveries by the Exchange;
      • Codify the process for revocation, expiration, or withdrawal of regularity consistent with other CME Group products;
      • Expand the mileage between slaughter plants and corresponding livestock yards from 200 miles to 225 road miles;
      • Expand the mileage between originating feedlots and slaughter plants from 200 miles to 225 road miles;
      • Apply the term "road" miles when defining geographical requirements for slaughter plants to approved livestock yards and from originating feedlots to slaughter plants.

      For the full text of this notice, please see link attached below.