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CME Group reported average daily volume of 18.2 million contracts in November 2019, with livestock, soybean and hard red winter wheat futures and options volumes up year over year. Open interest ended the month at 131 million contracts.
Exchange volume figures reflect trading activity rather than supply or demand changes, so they have little direct effect on feed commodity prices.
prnewswire.comCME GroupDec 3, 2019After 630 past report events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.9% to +1.1%), and +1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
