Transcription of Understanding the CME Feeder Cattle Index
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Understanding the CME Feeder Cattle Index
Understanding THE CME Feeder Cattle Index . This document provides a brief summary of the CME Feeder Cattle Index ( Index ). The CME. commodity Product Research and Development Department calculates the Index every day (including holidays), Monday through Friday. The information contained herein summarizes the calculation procedures and gives an example of how specific Cattle are factored into the seven-day average calculation. Rule language for the Feeder Cattle contract (Futures, Chapter 102 or Options, Chapter 102A) can be obtained from the CME website at DATA PROCEDURES. The CME Index was designed to use Cattle within major Feeder Cattle producing states. The Index uses steers meeting prescribed muscling frame score requirements, exhibiting no predominantly dairy, exotic, or Brahma breeding characteristics and none being labeled on the market news reports as fancy, thin, fleshy, gaunt, or full.
1 UNDERSTANDING THE CME FEEDER CATTLE INDEX® This document provides a brief summary of the CME Feeder Cattle Index® (Index). The CME Commodity Product Research and Development Department calculates the Index every day (including
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