CHICAGO, March 22, 2019 /PRNewswire/ -- CME
Group, the world's leading and most diverse derivatives
marketplace, today announced Live Cattle futures open interest (OI)
reached a record 453,659 contracts on March
21, surpassing 450,000 contracts for the first time. This
marks five-consecutive OI record
days, including the prior record of 449,733 contracts set on
March 20.
"Growing open interest in our Live Cattle futures reflects the
deep and robust markets for customers who need to manage risk
during this period of significant uncertainty for the cattle
industry," said Tim Andriesen, CME Group Managing Director,
Agricultural Commodities. "We've been working closely with the
cattle industry over the last several years to enhance our cattle
futures markets. The growth of open interest suggests customers are
increasingly confident in using these tools to hedge price risk
associated with trade, weather and other factors."
Since the start of the year Live Cattle futures open interest
has grown nearly 20 percent. On March
12, 2019 the number of Live Cattle futures large open
interest holders was reported at 467, the highest since
May 30, 2017.
Live Cattle futures are listed with and subject to the rules and
regulations of the CME. For more information please
visit www.cmegroup.com/livestock.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
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Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
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trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
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CME-G
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SOURCE CME Group