• Reminder of Implementation of a Third Reduction in Expiring Month Position Limits for Live Cattle Futures

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      • MSN04-04-17
      • Notice Date
      • 04 April 2017
      • Effective Date
      • 26 April 2017
    • On April 3, 2017, the Commodity Futures Trading Commission ("CFTC" or "Commission") notified the Chicago Mercantile Exchange Inc. ("CME" or "Exchange") that the Commission approved the Exchange's amendments to the speculative position limits of its Live Cattle Futures contract.

      As such, please be reminded that beginning with the April 2017 contract month and beyond, the Exchange will implement a third reduction in the spot month limit from 300 to 200 contracts as of the close of trading on the business day immediately preceding the last two (2) trading days of the contract month for the Live Cattle Futures contract. 

      For the April 2017 contract month, the third reduction to 200 contracts will become effective as of the close of trading on Wednesday, April 26, 2017.

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