CME Group, the largest U.S. futures exchange, told customers that a long government shutdown could affect settlement prices for cash-settled dairy, lean hogs, live cattle and feeder cattle contracts.
Nutrition Assistance for Puerto Rico is a federal aid program of the US Department of Agriculture. (Photo credit: Wikipedia)
“A prolonged shutdown of the federal government and furloughing of USDA staff could result in interruptions or gaps in reporting key agricultural pricing information from the USDA’s Agricultural Marketing Service,” the exchange said in a letter.
The exchange said that, because of the shutdown, it might need to modify settlement procedures for certain products. Settlement prices for these products are based on USDA data, the exchange said.
