The CME Group has been publishing a pork cutout index for the past five years and are now preparing to launch a futures contract. “The proposed contract, as far as we know, will be listed this fall some time,” said Steve Meyer, economist, Partners for Production Agriculture, Meyer says the new pork cutout index contract and the lean hog futures contract could be used to manage the spread or basis. However, “the CME introduces a lot of new contracts and most of them fail because we don’t have a track record.”
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