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CHANGE IN FREIGHT RATE FOR CARCASS GRADED CATTLE DELIVERIES
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- To
- Clearing Member Firms; Back Office Managers; Delivery Personnel
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- From
- CME Clearing
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- #
- 13-031
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- Notice Date
- 22 January 2013
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- Effective Date
- 01 February 2013
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Pending CFTC notification, the standard freight rate for carcass graded deliveries will decrease from $4.50 to $4.10 per mile per contract for all 2013 Live Cattle futures contracts. This change will become effective on Friday, February 1, 2013. The standard freight rate is used in carcass graded deliveries of Live Cattle to compensate the seller for additional mileage when the buyer requests delivery at a packing plant that is farther from the feedyard than the delivery point stockyards.
If there are any questions, please contact Deliveries at (312) 930-3172.
13-031
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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.
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