# CME contract changes | TheFencePost.com

> The CME plans changes effective September 9 to live cattle contract delivery standards. The changes add a new par grade of 70% choice and 30% select, and allow delivery of steers up to 1,600 pounds, beginning with the February 2021 contract.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/10037-cme-contract-changes-thefencepost-com
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Changing grade and weight specifications affects how deliverable cattle are valued against cash prices, which could change futures-cash convergence, but the immediate price impact is limited.

## Read by commodity

- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-08-26 | [CME Group Plans Cattle Futures Changes - Zia Commodities, LLC](https://feedsoft.ai/events/51753-cme-group-plans-cattle-futures-changes-zia-commodities-llc.md) | -0.7% | -1.0% |
| LCATTLE | 2017-02-17 | [USCA Comments on Recent Amendments to Live Cattle Futures Contract \| TSLN.com](https://feedsoft.ai/events/72632-usca-comments-on-recent-amendments-to-live-cattle-futures-contract-tsln-com.md) | +2.7% | +3.4% |
| LCATTLE | 2024-09-20 | [CME Reduces Price Limits In Cattle Contracts \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/28436-cme-reduces-price-limits-in-cattle-contracts-industry-news-feedlotmagazine-com.md) | +1.7% | +3.2% |
| LCATTLE | 2021-06-17 | [Explainer: How four big companies control the U.S. beef industry](https://feedsoft.ai/events/46714-explainer-how-four-big-companies-control-the-u-s-beef-industry.md) | +1.2% | +0.4% |
| LCATTLE | 2023-02-09 | [Understanding the impact of the EUDR on businesses - Tea & Coffee Trade Journal](https://feedsoft.ai/events/37355-understanding-the-impact-of-the-eudr-on-businesses-tea-and-coffee-trade-journal.md) | +1.0% | +3.6% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/cme-contract-changes/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.