SER-7010R - CME Group

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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