• Industry Survey Regarding Amendments to the Calculation of the CME Feeder Cattle Index and the Feeder Cattle Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-8122
      • Notice Date
      • 23 March 2018
      • Effective Date
      • 23 March 2018
    • Feeder Cattle Index and the Feeder Cattle Futures Contract

      Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) is soliciting feedback from market participants regarding amendments to the calculation of the CME Feeder Cattle Index® (the “Index”) in connection with the Feeder Cattle Futures contract (Rulebook Chapter 102; CME Globex Code:  GF/Clearing Code:  62) (the “Contract”).  The deadline for the Exchange to receive such feedback is Monday, April 9, 2018.

      Specifically, the Exchange is in the process of determining the potential benefits of including fancy, thin, fleshy, gaunt, or full feeder cattle from the sample of transactions used to calculate the Index.

      CME welcomes comments and feedback from the cattle industry and from participants in our Feeder Cattle Futures market. The comment period is open through April 13, 2018 and respondents may submit written feedback to the CME contact listed below:

      Jim Sullivan

      Manager

      Commodity Research & Product Development

      Jim.Sullivan@cmegroup.com

      312-930-2308

      Please click here for PDF of SER-8122.