• Change in 2014 Live Cattle Freight Standard Rate

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 14-013
      • Notice Date
      • 13 January 2014
      • Effective Date
      • 01 February 2014
    • The Standard Freight Rate is used in carcass graded deliveries of Live Cattle to compensate the seller when the buyer requests delivery at a packing plant that is farther from the feedyard than the delivery point stockyards. In accordance with Live Cattle Rule 10103.C.8., this rate is set annually by the Exchange. 
      Based on results from a survey of livestock trucking firms, the Standard Freight Rate for carcass graded deliveries will be $4.40 per mile per contract for all 2014 Live Cattle futures contracts. This change will become effective on February 1, 2014.

      For the full text of this advisory...