CME Group Soybean Oil

Contract size is 60,000 pounds, about 27 metric tons.  Prices are per pound.  Contract months are January, March, May, July, August, September, October, and December.  Daily price limit is 2.5 cents per pound expandable to 3.5 cents per pound and then to 5.5 cents per pound when the market closes at limit bid or limit offer.  There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.  Settlement is physical delivery.  Refer to the following link for full specifications:

Calves

Comment used to differentiate between calves and yearlings weighing over 600 lbs. even when similar weights and grades are selling at or near the same price level.  The weight division between calves and yearlings for market reporting purposes is 600 pounds.  No comment is required on calves weighing less than 600 pounds, but all calves weighing more than 600 pounds must be identified as calves.

Confidentiality Guideline

In order for Livestock Mandatory reports to be published they must meet the 3/70/20 confidentiality guideline which states that in order for a report (regional or national) to be published, at least 3 companies have to submit data 50 percent of the time or more over a 60-day period.  No one company can account for 70 percent or more of the cumulative market volume for any report over a 60-day period.  In cases where only one company submits data for individual reports, the same company can not be the sole reporting entity more than 20 percent of the time during a 60