CFTC fines U.S. cattle futures traders $5 million

After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% over 20.

• Feb 17, 2017USCA Comments on Recent Amendments to Live Cattle Futures Contract | TSLN.com+2.7%
• Jun 21, 2017Regulators Accuse Brokerage of Cattle-Futures Scheme-3.7%
• Jan 31, 2019Cash trade vs. fed cattle basis; what’s the deal?+0.3%
• May 30, 2020Cattle feeders look for market fix-3.5%
• Jul 12, 2022Sask. cattle producers call for meat pricing investigation, transparency-1.0%

After 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.

• May 22, 2018CME amends feeder cattle futures, options rules - Grainews+8.3%
• Jun 21, 2017Regulators Accuse Brokerage of Cattle-Futures Scheme+0.7%
• May 30, 2020Cattle feeders look for market fix-0.9%
• Jul 12, 2022Sask. cattle producers call for meat pricing investigation, transparency+1.0%
• Aug 26, 2020CME Group Plans Cattle Futures Changes - Zia Commodities, LLC-1.5%