U.S. shutdown could affect dairy, livestock settlements: CME

CHICAGO (Reuters) — CME Group said on Tuesday the U.S. government shutdown could affect settlement prices for cash-settled dairy, lean hogs, live cattle and feeder cattle contracts.

Settlement prices for these products are based on data from the U.S. Department of Agriculture, the exchange said in a letter to customers.

“A prolonged shutdown of the federal government and furloughing of USDA staff could result in interruptions or gaps in reporting key agricultural pricing information from the USDA’s Agricultural Marketing Service,” the exchange said.

CME said that in the event of a prolonged shutdown, it might need to modify settlement procedures for certain products.

The dairy products include: September 2013 Class III Milk, Class IV Milk, Butter, Whey, Cheese and Non-Fat Dry Milk futures and options.

The livestock products include: October 2013 Lean Hogs, Live Cattle and Feeder Cattle futures and options.

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