Yesterday, a Panel of the Chicago Mercantile Exchange Inc. (CME) Business Conduct Committee (Panel) took emergency action pursuant to CME Rule 402.C (Emergency Actions) which will be effective on Thursday, December 18, 2014. The emergency action:
1. Increases the daily price limit applicable to the CME Feeder Cattle (FC) futures contract (Rulebook Chapter 102) pursuant to Rule 10202.D. (Daily Price Limits) to $0.045 per pound from $0.030 per pound; and
2. Provides for expanded price limits in FC futures and CME Live Cattle (LC) futures contracts (CME Rulebook Chapter 101) in certain circumstances as set forth in the link below.
Please click this link for more information regarding these changes:
http://www.cmegroup.com/tools-information/lookups/advisories/ser/SER-7266.html