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The CME will amend its feeder cattle index to include cattle graded fancy, thin, fleshy, gaunt or full, effective with the May 2019 contract. It also delayed listing of the May 2019 feeder cattle futures and options to June 10 for trading on June 11.
The index change alters how the feeder cattle benchmark is calculated, which affects hedging and settlement values for feeder buyers. The listing delay has limited direct price impact.
grainews.caMay 22, 2018After 28 past neutral policy events, Feeder Cattle moved a median +0.2% over 5 sessions (61% higher; middle half -0.6% to +0.8%), and +0.8% 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.
