# Regulators Accuse Brokerage of Cattle-Futures Scheme

> Regulators accused McVean Trading & Investments and senior executives of using trading agreements with feedlots to build cattle futures positions that circumvented exchange limits. The bets reportedly reached a fifth of open trades in a market worth about $19 billion.

- Date: 2017-06-21 · published 2017-06-21T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/70629-regulators-accuse-brokerage-of-cattle-futures-scheme
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

The alleged scheme involved large positions in cattle futures, but it is an enforcement matter with no direct effect on cattle supply, demand, or feed use.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2017-06-21 | [CFTC fines U.S. cattle futures traders $5 million](https://feedsoft.ai/events/70628-cftc-fines-u-s-cattle-futures-traders-5-million.md) | -3.7% | -5.4% |
| 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 | 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 | 2022-02-16 | [The Price of Beef and the Price of Cattle \| Feedlot Special \| feedlotmagazine.com](https://feedsoft.ai/events/42825-the-price-of-beef-and-the-price-of-cattle-feedlot-special-feedlotmagazine-com.md) | +1.0% | -1.5% |
| LCATTLE | 2019-09-24 | [What’s the relationship between U.S. and Canada feeder cattle?](https://feedsoft.ai/events/57033-what-s-the-relationship-between-u-s-and-canada-feeder-cattle.md) | +2.8% | +8.3% |
| FCATTLE | 2018-05-22 | [CME amends feeder cattle futures, options rules - Grainews](https://feedsoft.ai/events/65153-cme-amends-feeder-cattle-futures-options-rules-grainews.md) | +8.3% | +11.7% |
| FCATTLE | 2017-06-21 | [CFTC fines U.S. cattle futures traders $5 million](https://feedsoft.ai/events/70628-cftc-fines-u-s-cattle-futures-traders-5-million.md) | +0.7% | +7.3% |
| FCATTLE | 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) | -1.5% | -0.2% |

## Sources

- wsj.com: https://www.wsj.com/articles/regulators-accuse-brokerage-of-cattle-futures-scheme-1498079709

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