• Live Cattle Grading Capacity Limits

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 13-325
      • Notice Date
      • 15 July 2013
      • Effective Date
      • 15 July 2013
    • Please be advised in coordination with the USDA and CME approved stockyards, the following live cattle grading capacity limits at stockyards are in effect beginning with the August 2013 live cattle delivery cycle. The capacity limits at the stockyards have been instituted to ensure stockyards have the wherewithal to grade cattle on eligible delivery days and a USDA grader is available for grading the cattle. The capacity limits are not static and are subject to change based on changes such as stockyard wherewithal or USDA grader availability.
       
      DELIVERY POINT
      MAXIMUM FACILITY CAPACITY
      Amarillo, TX
      40
      Clovis, NM
      15
      Columbus, NE
      15
      Dodge City, KS
      40
      Norfolk, NE
      30
      North Platte, NE
      20
      Ogallala, NE
      25
      Pratt, KS
      10
      Syracuse, KS
      25
      Texhoma, OK
      30
      Tulia, TX
      20
      Worthing, SD
      60
      Wray, CO
      10
       
      Selling clearing firms are also reminded per Rule 10104.A. when submitting an intent to deliver a seller must contact the delivery point stockyard and ensure the facility can accommodate a live-graded delivery on the sixth business day following the day of tender/intent (fourth business day following the day of tender if tender/intent is on or after the last trading day.

      Selling clearing firms must provide to the Exchange the name and number of the person authorizing delivery at the stockyard when submitting an intent to deliver.

       
      Please refer further questions on this subject to:
       
       
      Clearing House
      Deliveries                    clearinghousedelivteam@cmegroup.com       312.930.3172
       
      Research and Product Development
      Jack Cook                   jack.cook@cmegroup.com                              312.930.3295
       
      Market Regulation
      Bill Lange                    william.lange@cmegroup.com                        312.341.7757             

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