NEWS
Cuts Could Affect Livestock Contracts
Thu Feb 21, 2013 09:24 AM CST

CHICAGO (Dow Jones) -- CME Group Inc. (CME) warned its customers Thursday that federal spending cuts set to start March 1 may affect the physical delivery and cash settlements for some livestock and dairy futures contracts.

The U.S. Department of Agriculture has warned that the automatic spending cuts -- known as "sequester" -- may require it to furlough food inspectors, including at meat-processing plants, which potentially would disrupt production in the food industry.

CME said in a letter to customers that "we are closely monitoring" the potential spending cuts.

CME said the budget cuts also "could result in the disruption ...

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