• Amendments to Settlement Rules for Live Cattle Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7426
      • Notice Date
      • 20 July 2015
      • Effective Date
      • 03 August 2015
    • Effective Monday, August 3, 2015, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) will amend CME Rules 10103.A (“Sources and Calculation of Adjustment Factors”) and 10103.C.5.e (“Quality Grade Deviations”) in connection with cattle carcass grading for the Live Cattle futures contract (Rulebook chapter: 101; Clearing Code: LC; CME Globex Code: LE; CME ClearPort Code: 48). These amendments will be effective commencing with the August 2015 contract month and beyond.

      These amendments allow Exchange rules to be consistent with Official United States Standards for Grades of Carcass Beef promulgated by the Secretary of Agriculture.

      Questions regarding this Special Executive Report may be directed to Jack Cook, Director, Commodity Research & Product Development, at 312-930-3295, Jack.Cook@cmegroup.com.

      For media inquiries concerning this Special Executive Report, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.

      Please click here for complete SER-7426.