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Article: Open interest in feeder cattle futures at Chicago Mercantile Exchange increase 47.8 percent over last year.
- Article from:
- PR Newswire
- Article date:
- August 22, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Aug. 22 /PRNewswire/ -- Open interest in the cash settled feeder cattle futures at the Chicago Mercantile Exchange (CME) totaled 11,682 contracts at the close of trading yesterday. The figure represents an increase of 47.8 percent compared with open interest last year, when the contract was settled by physical delivery.
Joseph Miller, CME board member and chairman of the exchange's live and feeder cattle committees, said: "The new cash settlement concept appears to be well-received by the industry, as witnessed by recent volume and open interest increases in feeder cattle futures."
Cash settlement replaces the physical delivery settlement ...