Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Change In Final Settlement Price For May 2005 Feeder Cattle Futures
Notice Date | 2005-06-01
Notice Number | Q2005-71
Effective Date |
The settlement price for May 2005 Feeder Cattle futures reported as 111.14 on May 31, 2005, has been changed to 111.15. Please adjust your records accordingly. Below is the text of an advisory notice from the CME® Clearing House explaining the need for this change. "Please be informed that due to a late sale reported for Dickinson, North Dakota on Thursday, May 26, the CME® Feeder Cattle Index reported on Friday, May 27, which represented the final settlement price for the May Feeder Cattle futures contract, has changed from 111.14 to 111.15. The Feeder Cattle contract rules for final settlement note that the Index used for final settlement is based on "…all feeder cattle auction, direct trade, video and internet sale transactions within the 12-state region…"(see rule 10203.A.1). As a result, all open interest in the May Feeder Cattle futures contract, as of Friday, May 27, will be re-marked from 111.14 to 111.15 tonight, and the resulting settlement variation will be reported on the trade register report for trade date, Tuesday, May 31, 2005." If you have any questions regarding this notice, please contact: Marilee Radecki 312.930.8193 mradecki@cme.com Kevin Brady 312.648.3653 kbrady@cme.com Thank you.