Effective Wednesday, December 17, 2003, the one cent strike listing range for Live Cattle Options will be expanded from a range of plus or minus 10 cents to a range of plus or minus 14 cents.  One cent increment strike prices only affect the nearest two contract months (currently Feb ’04 and April ’04).  The remaining two cent increment contract months’ ranges are unchanged at plus or minus 14 cents.

Please contact Marilee Radecki at 312.930.8193, email mradecki@cme.com or Lisa Amato at 312.338.2654, email lamato@cme.com, if you have any questions regarding this notice.

Thank you.