The CME Group last week published a special executive report announcing the results of the annual reset of the daily price limits in the live and feeder cattle futures contracts. The new limits will take effect Monday, June 2.
For live cattle, the new initial limit will be $7.25/cwt., up 75¢ from the current initial limit of $6.50/cwt.
The new expanded limit for live cattle will be $10.75/cwt. For feeder cattle, the new initial limit of $9.25/cwt.
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