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CME: Daily Price Limit Changes for Feeder Cattle, Live Cattle Futures

CME Group determines emergency changes are necessary to ensure continued price discovery and risk transfer for CME customers

December 18, 2014

1 Min Read

CME Group on Wednesday announced it will change daily price limits in its CME Feeder Cattle futures effective Dec. 18 pursuant to its emergency action authority.

The current daily price limit for CME Feeder Cattle futures is $3 per hundredweight and will change to $4.50 per hundredweight effective on trade date Dec. 18.

Additionally, effective Dec.19, these limits will have the ability to expand by 150% to $6.75 per hundredweight on any business day in the event that one of the first two contract months settles at limit on the previous trading day.

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CME Feeder Cattle futures have been locked limit for five consecutive days as a result of various factors. This change to daily price limits is necessary to ensure continued price discovery and risk transfer for CME Group customers.

Daily price limits for CME Live Cattle futures will remain unchanged at $3 per hundredweight. Effective Dec. 19, these limits will have the ability to expand by 150% to $4.50 per hundredweight in the event that one of the first two contract months settles at limit on the previous trading day.

CME Group will continue to closely monitor these markets and communicate directly with our customers should additional action be required.

For more, view John Otte's Morning Livestock Review column.

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