• Amendments to the Live Cattle Futures Contract and Listing of the October 2017 Contract Month of the Live Cattle Futures and Options Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7716
      • Notice Date
      • 05 August 2016
      • Effective Date
      • 21 August 2016
    • Effective Sunday August 21, 2016 for trade date Monday August 22, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc., (“CME” or “Exchange”) will amend the Live Cattle Futures rules (Rule Chapter: 101; Clearing Code: LC; CME Globex Code: LE; CME ClearPort Code: 48) to 1) reflect a discount of $1.50/cwt. on delivered live graded or carcass graded cattle that were originally tendered to Worthing, South Dakota (the “Worthing Discount”); 2) adjust the par quality grade of delivered cattle to 60% choice, 40% select steers or heifers (the “New Grade”); and 3) list the October 2017 contract month (collectively, the “Live Cattle Amendments”) effective on Sunday, August 21, 2016 for trade date Monday, August 22, 2016.

      Questions regarding this notice may be directed to:

      Andrew Crafton

      312-634-8923

      Andrew.Crafton@cmegroup.com

      Susan Sutherland

      312-930-2325

      Susan.Sutherland@cmegroup.com

      Please click here for PDF of SER-7716.