Overall agricultural products volume reached 107,663, establishing a new record surpassing the previous record of 97,298 set on January 11, 2005. The CME E-Livestock program set a new volume record of 1,844 futures contracts breaking the previous record of 1,401 contracts set on February 23, 2005. CME E-Live Cattle trades made up of the majority of that activity at 1,674 futures, also a record. Live Cattle’s previous record of 1,313 contracts traded on CME Globex had also been set on February 23.
Since the introduction of the Market Maker program in January 2005, the CME E-Livestock initiative has seen continued monthly growth in trading volume and market participation. In addition to live cattle, feeder cattle and lean hog futures also trade side-by-side with the CME livestock products traded on the floor.