Description
proucts included lean hogs future,frozen belliesmilk futures ,woo
LIVESTOCK FUTURES
Frozen Pork Bellies
General Characteristics : Bacon is a cured meat prepared from a pig. It is cured using large quantities of salt, either in a brine or in a dry packing. A 100-gram serving of pork belly typically has 518 calories. The calorie breakdown is: 92% fat (15.3 g), 0% (0 g) carbohydrates, and 8% (2.65 g) protein. Pork bellies are stored in cold storages at a temperatures of -20 degree storage at this temperature gives it a shelf life of 365 days.
Indian Scenario: Danvar imports, Metro Cash n Carry, Supermarkets like HyperCity, Shoprite Hyper are buyers. India consumes only 3% pork from world consumption & No Exports From India.
Market influencing factors: demand period & other factors premier meat
Global scenario: Major Importing Countries- Australia,United Kingdom,South Africa Major Exporting Countries- USA, Denmark, Sweden, Norway, New Zealand, China. Only USA dominates International Trade of Pork Bellies.
Frozen Pork Belly futures provide a way to: Engage in price discovery for frozen pork bellies Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in frozen pork bellies. High risk involved in trading Frozen Pork Bellies.
Pork bellies, more commonly known as bacon, are obtained from the underside of a Pig(Hog). A hog has two bellies: Generally weighing about 8-18 pounds, depending on the hog's commercial slaughter weight. Slaughter weights now average about 255 pounds per head, equal to a dressed weight of about 190 pounds. Bellies account for about 12% of a hog's live weight, but represent a somewhat larger percentage of the total cutout value of the realized pork products. Frozen bellies deliverable against futures generally weigh between 12-14 pounds.
Contract Size:- One Frozen Pork Bellies futures contract on the Chicago Mercantile Exchange is 40,000 pounds. Daily Price Limit:- $.03 per pound above or below previous day's settlement price; expandable to $.045 per pound. Trading Hour:- On the CME Globex electronic platform: Monday 9:05 AM through Friday 1:55 PM with daily trading halts from 4:00 PM - 5:00 PM, US Central Time. Price Increments:- Minimum price fluctuations shall be by multiples of $.00025 per pound.
Delivery may be made on any business day of the contract month, except that delivery may not be made prior to the second business day following the first Friday of the contract month. Settlement is mainly done through physical delivery of Pork(Hog). At time of delivery, the seller must furnish a producer certification or other written evidence satisfactory to the Clearing House manager that the bellies were fresh cut not over 48 hours at the time specified in the original order for in-plant grading. Received weights are to be recorded by the receiving warehouse on the itemization of weight sheets which shall show total net weight, lot number, name of warehouse, location and date stored.
That¶s All From Porky¶s Side..!!! Thank You..!
Trading Venue Contract Size Minimum Price Increment Daily Price Limit Last Trading Day Contract Months Position Limits Trading Hours
Settlement
Open Outcry, CME Globex System 40,000 pounds $.00025 per pound ($10 per contract) $.03 per pound ($1200); none in last 2 trading days for expiring contract 10th business day of contract month Feb, Apr, May, Jun, Jul, Aug, Oct, Dec 4100 contracts in non-spot month; 950 in spot month Open Outcry: 9:05 am to 1:00 pm. Globex: 9:05 am Monday to 1:55 p.m. Friday with trading halt from 4-5 pm. daily Cash settled to CME Lean Hog Index
14
Oversupply of Stock Prices Fall
Low Stock Increase in prices
Females Produce Offspring In turn They Reach Slaughter weight
Retain Females & Increase breed
Reduces Slaughter & Increase price Further
CLASS III MILK
CLASS IV MILK
Internatio nal Skimmed Milk Powder
Nonfat Dry Milk
Dry Whey
BUTTER
CHEESE
Product Specification and Uses. Class lll milk Milk Class III is also known by the industry as Cheese Milk. Generally used for producing cheddar cheese, cheese curd and cheese cream. Class IV milk Generally used for producing butter, dry milk powder, milk protein concentrate. U.S. Exports to: China, Mexico, Korea and Japan. U.S. Imports from: Australia, New Zealand and European union.
Effectively manage the price risk. Evaluate or reflect on both the current and future supply and demand. Take advantage of arbitrage and spread opportunities with other dairy products. Trade to hedge or speculate based on expectations of directional price, spread movement or Volatility. Manage price risk across a series of contracts in a single transaction using packs functionality.
CLASS III MILK FUTURES
CLASS IV MILK FUTURES
CLASS III AND CLASS IV MILK There shall be no delivery of CLASS III milk in settlement of this contract. All contracts open as of the termination of trading shall be cash settled based upon the USDA Class III price for milk for the particular month. There shall be no delivery of Class IV milk in settlement of this contract. All contracts open as of the termination of trading shall be cash settled based upon the USDA Class IV Price for milk for the particular month.
Skim milk is labeled as ³fat free´ milk. The product is made using Ultra High Filtration with all proteins and minerals. SKIM MILK has a milk fat content of less than 0.5 percent. New Zealand, United states, EU, Australia. India, China, Bangladesh, Singapore. International powder market size is estimated at 6.7 billion U.S. dollars. cooking, baking or drinking etc. Nido from the company Nestlé, Incolac from the company Belgomilk.
Dairy producers, Baked goods manufacturers, Health drink manufacturers etc.
International Skimmed Milk Powder futures are based on physically delivered contracts.
Engage in price discovery for Skimmed Milk Powder. Effectively manage the price risk . Evaluate or reflect on both the current and future supply and demand situation. Take advantage of arbitrage and spread opportunities with other dairy products Trade to hedge or speculate based on expectations of directional price.
Future contract are traded through electronic platform (Sunday at 5:00 p.m. through Friday at 1:55 p.m. )and outcry. From 2010 outcry system is given more importance. Contracts are for T20 Metric tonnes Skimmed Milk Powder.
1000 contracts in any contract month. Spot: 500 contracts shows maximum The quantity of each Traded Product, or product specification, available for supply.
Contract Size Product Description Pricing Unit Tick Size (minimum fluctuation) Daily Price Limits
20 Metric Tonnes Skimmed Milk Powder (18 - 20MT Deliverable Variance) Skimmed Milk Powder meeting "Codex Standard for Milk Powders and Cream Powder" (Codex Standard 207-1999) Cents per metric tonne $0.50 per metric tonne (= $10.00 per contract)
50.00 per metric tonne above or below the previous day's settlement price, expandable limits. There shall be no daily price limits in the expiring contract during the last 5 trading days. See CME Rule: 5902.D CME Globex (Electronic Platform) Sunday at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m.
Trading Hours
Last Trade Date/Time View calendar Contract Mnths View listings Settlement Procedure
Trading shall terminate on the business day immediately preceding the last seven business days of the contract month. (LTD 12:10 p.m.) Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov and Dec
Physical Delivery .
doc_294024861.pptx
proucts included lean hogs future,frozen belliesmilk futures ,woo
LIVESTOCK FUTURES
Frozen Pork Bellies
General Characteristics : Bacon is a cured meat prepared from a pig. It is cured using large quantities of salt, either in a brine or in a dry packing. A 100-gram serving of pork belly typically has 518 calories. The calorie breakdown is: 92% fat (15.3 g), 0% (0 g) carbohydrates, and 8% (2.65 g) protein. Pork bellies are stored in cold storages at a temperatures of -20 degree storage at this temperature gives it a shelf life of 365 days.
Indian Scenario: Danvar imports, Metro Cash n Carry, Supermarkets like HyperCity, Shoprite Hyper are buyers. India consumes only 3% pork from world consumption & No Exports From India.
Market influencing factors: demand period & other factors premier meat
Global scenario: Major Importing Countries- Australia,United Kingdom,South Africa Major Exporting Countries- USA, Denmark, Sweden, Norway, New Zealand, China. Only USA dominates International Trade of Pork Bellies.
Frozen Pork Belly futures provide a way to: Engage in price discovery for frozen pork bellies Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in frozen pork bellies. High risk involved in trading Frozen Pork Bellies.
Pork bellies, more commonly known as bacon, are obtained from the underside of a Pig(Hog). A hog has two bellies: Generally weighing about 8-18 pounds, depending on the hog's commercial slaughter weight. Slaughter weights now average about 255 pounds per head, equal to a dressed weight of about 190 pounds. Bellies account for about 12% of a hog's live weight, but represent a somewhat larger percentage of the total cutout value of the realized pork products. Frozen bellies deliverable against futures generally weigh between 12-14 pounds.
Contract Size:- One Frozen Pork Bellies futures contract on the Chicago Mercantile Exchange is 40,000 pounds. Daily Price Limit:- $.03 per pound above or below previous day's settlement price; expandable to $.045 per pound. Trading Hour:- On the CME Globex electronic platform: Monday 9:05 AM through Friday 1:55 PM with daily trading halts from 4:00 PM - 5:00 PM, US Central Time. Price Increments:- Minimum price fluctuations shall be by multiples of $.00025 per pound.
Delivery may be made on any business day of the contract month, except that delivery may not be made prior to the second business day following the first Friday of the contract month. Settlement is mainly done through physical delivery of Pork(Hog). At time of delivery, the seller must furnish a producer certification or other written evidence satisfactory to the Clearing House manager that the bellies were fresh cut not over 48 hours at the time specified in the original order for in-plant grading. Received weights are to be recorded by the receiving warehouse on the itemization of weight sheets which shall show total net weight, lot number, name of warehouse, location and date stored.
That¶s All From Porky¶s Side..!!! Thank You..!
Trading Venue Contract Size Minimum Price Increment Daily Price Limit Last Trading Day Contract Months Position Limits Trading Hours
Settlement
Open Outcry, CME Globex System 40,000 pounds $.00025 per pound ($10 per contract) $.03 per pound ($1200); none in last 2 trading days for expiring contract 10th business day of contract month Feb, Apr, May, Jun, Jul, Aug, Oct, Dec 4100 contracts in non-spot month; 950 in spot month Open Outcry: 9:05 am to 1:00 pm. Globex: 9:05 am Monday to 1:55 p.m. Friday with trading halt from 4-5 pm. daily Cash settled to CME Lean Hog Index
14
Oversupply of Stock Prices Fall
Low Stock Increase in prices
Females Produce Offspring In turn They Reach Slaughter weight
Retain Females & Increase breed
Reduces Slaughter & Increase price Further
CLASS III MILK
CLASS IV MILK
Internatio nal Skimmed Milk Powder
Nonfat Dry Milk
Dry Whey
BUTTER
CHEESE
Product Specification and Uses. Class lll milk Milk Class III is also known by the industry as Cheese Milk. Generally used for producing cheddar cheese, cheese curd and cheese cream. Class IV milk Generally used for producing butter, dry milk powder, milk protein concentrate. U.S. Exports to: China, Mexico, Korea and Japan. U.S. Imports from: Australia, New Zealand and European union.
Effectively manage the price risk. Evaluate or reflect on both the current and future supply and demand. Take advantage of arbitrage and spread opportunities with other dairy products. Trade to hedge or speculate based on expectations of directional price, spread movement or Volatility. Manage price risk across a series of contracts in a single transaction using packs functionality.
CLASS III MILK FUTURES
CLASS IV MILK FUTURES
CLASS III AND CLASS IV MILK There shall be no delivery of CLASS III milk in settlement of this contract. All contracts open as of the termination of trading shall be cash settled based upon the USDA Class III price for milk for the particular month. There shall be no delivery of Class IV milk in settlement of this contract. All contracts open as of the termination of trading shall be cash settled based upon the USDA Class IV Price for milk for the particular month.
Skim milk is labeled as ³fat free´ milk. The product is made using Ultra High Filtration with all proteins and minerals. SKIM MILK has a milk fat content of less than 0.5 percent. New Zealand, United states, EU, Australia. India, China, Bangladesh, Singapore. International powder market size is estimated at 6.7 billion U.S. dollars. cooking, baking or drinking etc. Nido from the company Nestlé, Incolac from the company Belgomilk.
Dairy producers, Baked goods manufacturers, Health drink manufacturers etc.
International Skimmed Milk Powder futures are based on physically delivered contracts.
Engage in price discovery for Skimmed Milk Powder. Effectively manage the price risk . Evaluate or reflect on both the current and future supply and demand situation. Take advantage of arbitrage and spread opportunities with other dairy products Trade to hedge or speculate based on expectations of directional price.
Future contract are traded through electronic platform (Sunday at 5:00 p.m. through Friday at 1:55 p.m. )and outcry. From 2010 outcry system is given more importance. Contracts are for T20 Metric tonnes Skimmed Milk Powder.
1000 contracts in any contract month. Spot: 500 contracts shows maximum The quantity of each Traded Product, or product specification, available for supply.
Contract Size Product Description Pricing Unit Tick Size (minimum fluctuation) Daily Price Limits
20 Metric Tonnes Skimmed Milk Powder (18 - 20MT Deliverable Variance) Skimmed Milk Powder meeting "Codex Standard for Milk Powders and Cream Powder" (Codex Standard 207-1999) Cents per metric tonne $0.50 per metric tonne (= $10.00 per contract)
50.00 per metric tonne above or below the previous day's settlement price, expandable limits. There shall be no daily price limits in the expiring contract during the last 5 trading days. See CME Rule: 5902.D CME Globex (Electronic Platform) Sunday at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m.
Trading Hours
Last Trade Date/Time View calendar Contract Mnths View listings Settlement Procedure
Trading shall terminate on the business day immediately preceding the last seven business days of the contract month. (LTD 12:10 p.m.) Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov and Dec
Physical Delivery .
doc_294024861.pptx