Cme group announces new steps to enhance live cattle futures markets conversion of usd to rupees


CHICAGO, Aug. Binary value 5, 2016 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will take a number of actions designed to enhance Live Cattle futures markets. Usd jpy rate These new measures are based on continued collaboration with and feedback from the cattle industry as well as the results from an independent study conducted by Informa Economics.

“We greatly value our relationship with the cattle community and are committed to helping producers and commercial firms manage their price risk,” said Tim Andriesen, CME Group Managing Director of Agricultural Products. Convert usd to zar “Since the start of the year, we have been working with the NCBA and the broader industry to enhance our cattle futures markets. Rub usd converter While we are announcing these changes

and will continue our ongoing work with the industry, we have concerns about the lack of transparency of cash cattle markets.”

• Seasonal Discount at Worthing, SD delivery location – Based on extensive customer feedback, internal review and Informa’s independent research, CME Group will add a seasonal discount of $1.50 per hundredweight on live cattle tendered to its Worthing, South Dakota delivery location for the October contract only. Stock market futures live The new discount will be effective with the October 2017 contract, which will be listed for trading on Monday, August 22, 2016, pending CFTC review. Usd yen exchange rate The extensive research supporting this decision concluded that this discount would better align delivery values with cash market prices and maintain compliance with CFTC’s policy on location price differentials, while resulting in little or no impact on local cash cattle prices. Aud usd The full Informa Economics report, Regional Cattle Price Differences and Their Impact on CME Live Cattle Delivery Points, is available at

• Revised grading and quality specifications – Based on industry feedback and increasing quality grades seen in all major fed cattle regions, CME Group will update par quality grades for both live and carcass-graded deliveries to 60 percent choice and 40 percent select, from 55 percent and 45 percent respectively. Dollar to pound exchange rate Pending regulatory reviews, these changes will be effective with the October 2017 contract month.

• Delayed listing of additional contracts – CME Group applauds the efforts of the industry to create additional market transparency, particularly through efforts like the recently introduced cash cattle auctions. Latest exchange rate pound to euro Transparent, negotiated or auction-based cash markets are a prerequisite for effective futures markets, particularly those with physical delivery. Hex to binary file converter However, only approximately 20 percent of cattle sales are negotiated in cash markets across the U.S. Chicken stock meaning in urdu today with less than five percent in major producing states like Texas and Oklahoma. Commodity definitions As a result, CME Group will delay listing any additional contract months beyond October 2017 as we continue working with the industry to evaluate ways to improve cash market transparency, review cash market developments and consider the introduction of cash-settled products if transparency does not improve.

For more information on these and other steps taken by CME Group to address cattle market performance visit updates.

As the world’s leading and most diverse derivatives marketplace, CME Group ( is where the world comes to manage risk. Usd to zloty CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. Usd today rate Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. Love quotes tumblr CME Group also operates one of the world’s leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. 100 usd in euro CME Group’s products and services ensure that businesses around the world can effectively manage risk and achieve growth.

CME Group is a trademark of CME Group Inc. How to convert inr to usd The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. The boxer rebellion band CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. Euro to inr conversion rate today NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. Usd to inr converter COMEX is a trademark of Commodity Exchange, Inc. Binary numbers All other trademarks are the property of their respective owners. Gender definition sociology Further information about CME Group (NASDAQ: CME) and its products can be found at

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