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 ...

Quick View
Related News Stories
DTN Closing Livestock Comments
DTN's Livestock Quick Takes
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock