CHICAGO, Aug. 5, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that its Live Cattle options reached
all-time record open interest of 410,120 contracts on August 1, 2024, surpassing the previous record of
399,626 on July 31, 2014.
"With demand high and supply at lows not seen for more than 60
years, market participants are turning to CME Group Live Cattle
options to effectively hedge their price risk," said John Ricci, Managing Director and Global Head of
Agriculture, CME Group. "Open interest in these products reached
the highest level in a decade this week, demonstrating how options
serve as an important tool to help producers, processors and
institutions to navigate market uncertainty."
CME Group continues to offer the industry the widest range of
benchmark cattle products available. Live Cattle options volume has
grown 61% year to date.
CME Group Live Cattle futures are listed by and subject to the
rules of CME. For more information, please visit here.
As the world's leading 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.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
View original
content:https://www.prnewswire.com/news-releases/cme-group-live-cattle-options-reaches-new-open-interest-record-surpassing-400-000-contracts-302214452.html
SOURCE CME Group