• Live Cattle Delivery Point at Worthing, SD: Blackout Day Update

      • To
      • Clearing Member Firms; Back Office Managers; Delivery Personnel
      • From
      • CME Clearing
      • #
      • 09-434
      • Notice Date
      • 08 October 2009
      • Effective Date
      • 08 October 2009
    • Please be advised the live cattle delivery point at Worthing, SD will have a black out day on Friday, October 16thper Rule, 10104.A. TENDERING A CERTIFICATE. Market participants anticipating to make delivery on that date should select an alternate CME Group-approved delivery point.
      (Prior text omitted)
      The seller is responsible for determining, in advance of tendering a Certificate, if the delivery point stockyards will be able to accommodate a live-graded delivery on the sixth business day following the day of tender (fourth business day following the day of tender if tender is on or after the last trading day) should the buyer request one. If the buyer requests a live-graded delivery which the stockyards is unable to accommodate, then this will be deemed a failure by the seller to present a load of cattle for USDA grading under Rule 10104.B.8. In addition, the Exchange may prohibit deliveries on certain days for certain locations at which it deems deliveries would not be feasible due to auctions or other activities.
      If you have any questions regarding this matter, please contact Paul Peterson, Director, Commodity Research & Product Development at (312) 930-4587 or Deliveries at (312) 930-3172.