• UPDATE - Amendments to CME Rule 704 (Approved Stockyards and Slaughter Plants for Live Cattle) and New Appendix to CME Chapter 7 (Delivery Facilities and Procedures)

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7010R
      • Notice Date
      • 03 February 2014
      • Effective Date
      • 03 February 2014
    • On January 27, 2014, the Chicago Mercantile Exchange Inc. (CME or Exchange) issued a Special Executive Report S-7010 concerning (i) the adoption of an appendix to CME Chapter 7 containing the current live cattle maximum daily grading capacities at approved stockyards and (ii) implementation of amendments to Rule 704 (Approved Stockyards and Slaughter Plants for Live Cattle) allowing for the Exchange, in its sole discretion, to determine and publish maximum daily delivery limits at stockyards that have been approved by the Exchange for the delivery of live cattle resulting from delivery obligations resulting from transactions in CME Live Cattle futures contracts. 
      While the current live cattle maximum daily grading capacities at approved stockyards (provided below for your convenience) are unchanged and continue to remain in effect beginning with the February 2014 live cattle delivery cycle and while the Exchange’s procedures for determining and approving, in its sole discretion, maximum daily delivery limits at stockyards remain unchanged, their incorporation into CME Chapter 7 will not occur on February 10 as previously announced.
      If you have any questions concerning this matter, please contact Nadine Brown in the Market Regulation Department at 212.299.2223.
      Live Cattle Maximum Daily Grading Capacities at Approved Stockyards
      The following live cattle grading capacity limits at approved stockyards are in effect beginning with the February 2014 live cattle delivery cycle:
      Approved Stockyard
      Maximum Daily Grading Capacity (contracts)
      Amarillo TX
      60
      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
      30
      Worthing SD
      60
      Wray CO
      10
       
       
      For media inquiries concerning this Special Executive Report, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.

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