CME

CME Group, which has been running futures markets since 1848, just introduced a broad agriculture price benchmark and two new beef trim contracts that reflect how processors blend cuts for retail ground beef.

There aren’t many businesses riskier than farming.  The CME Group says they are always looking for ways to help producers manage that risk and lower uncertainty.  John Ricci, the global head of agricultural products with the CME Group, said they have several exciting initiatives underway.   “We’ve...

Farmer sentiment drifted lower in December as the Purdue University/CME Group Ag Economy Barometer dropped 9 points to a reading of 136.   The decline was driven by producers’ weaker perspective on current conditions in U.S. agriculture and their farms, with the Index of Current Conditions falling 13 points to 100.  Although the ...

As farmers are now planning for the year ahead, many are continuing to grapple with some of the challenges from last year, which offered more than one whipsaw event for producers to navigate. Tim Andriesen, Managing Director of Agricultural Products at CME Group says his biggest takeaway from 2021 is that price risk isn’t going away anytime soon. ...

The National Cattlemen’s Foundation is accepting applications for the 2022-2023 CME Group Beef Industry Scholarship. Ten scholarships of $1,500 each will be given to outstanding students pursuing careers in the beef industry. Introduced in 1989, the scholarship identifies and encourages talented students who will play an important role in the future of food production. Stud ...

Future expectations for the agriculture economy turned lower in the latest monthly Ag Economy Barometer.  On Tuesday, CME Group and Purdue released the September reading, which came in at 132.  While that figure was unchanged from August, the barometer’s two sub-indices, the Index of Current Conditions and Index of Future Expectations, moved in opposite directions.   The Current Cond...

According to the Purdue-CME Group Ag Economy Barometer released this week, lower commodity prices in August pushed farm economy optimism lower.  The barometer drifted lower in August to 132 points, down seven points from July, but still stronger than the year ago level of 96.  A ...

The Purdue/CME Group’s June survey shows producers are a little more optimistic about their financial position than they were last year. The shift is why the June index reading of 131 was unchanged from the May survey.  The index has held steady for three straight months and remains well above the low levels of last November.  The shif...

The Purdue University-CME Group Ag Economy Barometer recorded a slight improvement last month, compared to the August reading.  Organizers of the survey say the Ag Economy Barometer was at 101 in September.  While the reading was moderately above the August value of 95, the barometer’s current reading remains well below its peak of 112 in July.   The Ba...

In response to feedback from the National Cattlemen’s Beef Association and independent studies by Informa Economics, CME Group Friday announced what it calls enhancements to the live cattle futures market.  For starters, CME Group will add a seasonal discount of $1.50 per hun...