Latest Pig Industry News
CME to launch electronic spread trading for hog and cattle futures
US - CME, the world’s largest and most diverse financial exchange, announced today that electronic spread trading of lean hog and live cattle futures will be available on CME Globex® beginning March 12.“Electronic trading of livestock spreads helps to eliminate the risk of price slippage because the spread trade can be done immediately in a single execution,” said John Harangody, Director of CME Commodity Products. “This spread functionality will add to the liquidity, transparency and execution speed, all of which are becoming increasing valuable to CME customers as demand for electronic trading of commodities increases.”
Producers, hedgers, suppliers and others often have a need to buy one commodity but sell another commodity at the same time. CME Globex will list the spread differential between the two products.
CME lean hogs futures have traded as much as 3,512 contracts on CME Globex in a single trading session and cattle have reached 1,715 contracts. Volume in CME lean hogs was up 57 percent in 2006 and live cattle volume was up 41 percent. For more information please visit www.cme.com/elivestock.
ThePigSite News Desk
More of the latest Pig Industry News
FMD NEWS: China Resolves FMD Issue
Zhongpin Reports Higher Results for 2009
Russia's Meat Output to Rise by Six Per Cent
Mood of Canadian Pork Producers Brightens
January Meat Exports Show Mixed Results
Butchery Site Even More Cutting Edge
Meat-and-Bone Meal Would Cut Europe's Protein Deficit- CME: Beef and Pork Output Still Low
- Supermarkets Lead the Field
- January Pork Exports Lower Than in December
