Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Daily Price Limits for Pork Bellies Subject to Change – Effective Friday, July 1, 2005
Notice Date | 2005-07-01
Notice Number | Q2005-89
Effective Date |
Per Rule 15102.D, the daily price limits for CME Frozen Pork Bellies futures are set for a calendar quarter based on the settlement price for the contract nearest to expiration on the last business day of the prior quarter. The regular price limit is $.02 per pound (expandable to $.03) if that settlement price is below $.60 per pound or $.03 per pound (expandable to $.045) if that settlement price is equal to or above $.60 per pound. The settlement price of the July 2005 contract month on Thursday, June 30, 2005 will be used to determine the regular daily price limit for all contract months during the third quarter (July through September) of this year. At the present time, the daily price limit is $.03 per pound (expandable to $.045). If the settlement price of the July 2005 contract on June 30 is below $.60 per pound, then the daily price limit for all contract months will decrease to $.02 per pound (expandable to $.03) beginning on Friday, July 1, 2005. A determination will be made for daily price limits in the fourth quarter using the settlement price for the February 2006 contract month on Friday, September 30, 2005. #### The text of Rule 15102 is attached.