Commodity Futures Trading Commission Chicago Mercantile Exchange: Proposed Amendments to the Live Cattle Futures Contract Restricting Delivery to Cattle Born and Raised in the United States; Reopening of the Public Comment Period

[Federal Register: August 6, 2003 (Volume 68, Number 151)]
[Notices]
[Page 46591]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06au03-58]

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COMMODITY FUTURES TRADING COMMISSION


Chicago Mercantile Exchange: Proposed Amendments to the Live
Cattle Futures Contract Restricting Delivery to Cattle Born and Raised
in the United States; Reopening of the Public Comment Period

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of reopening of the public comment period for the
proposed amendments to the Chicago Mercantile Exchange's live cattle
futures contract restricting delivery to cattle born and raised in the
United States.

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SUMMARY: In the July 15, 2003, Federal Register (68 FR 41783), the
Commodity Futures Trading Commission (Commission) requested public
comment on proposed amendments to the live cattle futures contract
traded on the Chicago Mercantile Exchange (CME or Exchange). The
proposals were submitted for Commission approval pursuant to the
provisions of Section 5c(c)(2) of the Commodity Exchange Act (Act) and
Commission Regulation 40.5. The proposals will require that all cattle
delivered on the futures contract must be born and raised exclusively
in the United States, and the seller must provide supporting
documentation that conforms to industry standards at the time of
delivery. The amendments are contingent upon the promulgation by the
United States Department of Agriculture (USDA) of regulations
implementing Country Of Origin Labeling (COOL) requirements pursuant to
Section 10816 of Public Law 107-171 (the Farm Security and Rural
Investment Act of 2002), which by statute is intended to take effect on
September 30, 2004. The Exchange intends to apply the amendments to
newly listed contract months beginning with the October 2004 contract
month.
    The comment period for the proposed amendments closed on July 30,
2003. The Commission has received a number of requests for an extension
of the time period in which to file comments on the amendments. The
Director of the Division of Market Oversight (Division) of the
Commission, acting pursuant to the authority delegated by Commission
Regulation 140.96, has determined that reopening the comment period to
August 22, 2003, is in the public interest, and will assist the
Commission in considering the views of interested persons.

DATES: Comments must be received on or before August 22, 2003.

ADDRESSES: Interested persons should submit their views and comments to
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581. In
addition, comments may be sent by facsimile transmission to (202) 418-
5521 or by electronic mail to [email protected]. Reference should be
made to "CME Live Cattle Amendments."

FOR FURTHER INFORMATION CONTACT: Please contact Martin G. Murray of the
Division of Market Oversight, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581,
(202) 418-5276. Facsimile number: (202) 418-5527. Electronic Mail: [email protected].
    Issued in Washington, DC, on August 1, 2003.
Richard A. Shilts,
Deputy Director, Division of Market Oversight.
[FR Doc. 03-20086 Filed 8-4-03; 11:45 am]
BILLING CODE 6351-01-M