LIVESTOCK-US live cattle prices gain on futures’ discount to cash

* Feeder cattle follow CME live cattle higher * Hogs mixed, pork price drop stirs bear spreads By Theopolis Waters CHICAGO, May 28 (Reuters) - Chicago Mercantile Exchange live cattle rose modestly on Tuesday, aided by futures' discount to recent cash prices, traders and analysts said. CME live cattle also drew support from the uptick

LIVESTOCK-US live cattle prices gain on futures’ discount to cash

* Feeder cattle follow CME live cattle higher * Hogs mixed, pork price drop stirs bear spreads By Theopolis Waters CHICAGO, May 28 (Reuters) - Chicago Mercantile Exchange live cattle rose modestly on Tuesday, aided by futures' discount to recent cash prices, traders and analysts said. CME live cattle also drew support from the uptick






U.S. budget cuts could affect trading contracts

chicago / reuters / Automatic U.S government spending cuts may affect some CME Group livestock and dairy contracts that depend on U.S. Agriculture Department grading and inspections, the exchange operator said Feb. 21. A spokesman for the CME did not say if the exchange would be forced to halt trading in some contracts due to


CME Group buys Kansas City exchange, heading off rival ICE

Reuters / CME Group is buying the Kansas City Board of Trade for $126 million in cash, cementing CME’s dominance in world grain futures markets and keeping rival IntercontinentalExchange from gaining an important foothold. It is CME’s first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile

CFTC allows CME to open early for crop reports

chicago / reuters / The Commodity Futures Trading Commission approved the Chicago Board of Trade’s plan to start open-outcry grain trading early on days the U.S. government issues major agricultural reports, a commission spokesman said June 11. CME Group, owner of the CBOT, told the CFTC it wanted to start pit trading at 7:20 a.m.


USDA asks markets when is the best time for data

washington/reuters / The government asked farmers, traders and futures exchanges June 7 for ideas on when it should release potentially market-moving agricultural reports, such as crop forecasts, now that commodity markets are open nearly all day. It could result in the first change in the U.S. Department of Agriculture reports in nearly two decades and

Which wheat market best?

The end of the Canadian Wheat Board’s single desk Aug. 1, 2012, will create an increased need for a viable futures market to manage risk and aid in price discovery, said representatives of the Chicago Board of Trade, Minneapolis Grain Exchange, and ICE Futures Canada as they highlighted the benefits of using their respective contracts