Infographic: The Facts Behind Beef Prices

During 2012, the U.S. experienced one of the worst droughts in more than half a century, withering crops and sending cattle feed prices to all-time record highs. According to the USDA, consumers can expect to pay up to 4% more for groceries in 2013 as a result. Clearly weather impacts both grain and beef markets, however it’s only one of the factors that affect the price of our food.

Effective markets are part of the solution to managing price volatility as a result of the factors behind beef prices. Farmers and ranchers use our futures markets to manage their price risk, and speculators play an important role in these markets. They take on that price risk in exchange for the opportunity to make a profit. In doing so, speculators are providing much-needed liquidity to hedgers and enabling effective price discovery and more efficient transfer of price risk.

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Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.