CME extends comment period for live cattle rule changes

Cattle producers warn that futures rule changes could set precedent for additional modifications.

On Feb. 19, CME Group opened a public comment period concerning a possible amendment to the live cattle futures rules that would add a seasonal $1.50/cwt. discount on deliveries tendered to Worthing, S.D., during an October futures contract month. The Iowa Cattlemen’s Assn. (ICA), South Dakota Cattlemen’s Assn. (SDCA) and other industry groups have publicly opposed the proposed change and encouraged CME to reject the current proposal specific to the Worthing delivery point.

CME rec

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