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Shutdown Could Impact Some CME Market Services



KFEQ--In a letter to customers this morning, the CME group announced a prolonged shutdown could impact some CME services.

You can read the text below:

October 1, 2013 
To Our Customers: 
As you’re aware, last night Congress was unable to agree on a spending bill, which resulted in the 
shutdown of many U.S. government services and the furloughing of government employees today. As a 
valued customer, we wanted you to be aware this is an issue we continue to closely monitor, as it’s 
possible that a prolonged shutdown of the federal government could have an impact on the settlement 
procedures of certain dairy and livestock products at CME Group. 
 
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 (AMS). As a result, we wanted you to be aware that settlement prices for certain CME 
dairy and livestock contracts, which are cash settled based on USDA data, could be impacted in the 
event of a prolonged shutdown of the agency and may require the exchange to modify the current 
settlement procedures of the following products
Here is a list of CME dairy and livestock contracts that may be impacted: 
- Dairy – September 2013 Class III Milk, Class IV Milk, Butter, Whey, Cheese and Non-Fat Dry 
Milk futures and options 
 
- Livestock – October 2013 Lean Hogs, Live Cattle and Feeder Cattle futures and options 
We continue to closely monitor this situation and will keep you apprised of any potential changes to the 
settlement procedures for CME dairy and livestock contracts. Current procedures for the settlement of 
CME dairy and livestock futures can be found in our CME Rulebook - 
All customer inquiries may be directed to David Lehman, Managing Director, Commodity Research and 
Product Development at 312.930.1875, david.lehman@cmegroup.com; Jack Cook, Director, Commodity 
Research & Product Development at 312.930.3295, jack.cook@cmegroup.com; or Tom Clark, Director, 
Commodity Products, at 312.930.4595, Thomas.clark@cmegroup.com. Media inquiries should be 
directed to Chris Grams at 312.930.3435, chris.grams@cmegroup.com. 
 
Best, 
Tim Andriesen

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