Merchantile Exchange Case

In 1964 the Chicago Merchantile Exchange introduced the first futures contract on live animals allowing meat buyers and suppliers to minimize their exposure to risk that involves in trading live cattle. The factors I believe affect live cattle prices are environmental factors such as methane released by cows, weather variability, price of feedstock, price of corn (since most feedstock uses corn), and diseases such as mad cow disease or other related diseases that may affect price or import/exports and prices of certain grains. In 1964 the Chicago Merchantile Exchange introduced the first futures contract on live animals allowing meat buyers and suppliers to minimize their exposure to risk that involves in trading live cattle. The factors I believe affect live cattle prices are environmental factors such as methane released by cows, weather variability, price of feedstock, price of corn (since most feedstock uses corn), and diseases such as mad cow disease or other related diseases that may affect price or import/exports and prices of certain grains. In 1964 the Chicago Merchantile Exchange introduced the first futures contract on live animals allowing meat buyers and suppliers to minimize their exposure to risk that involves in trading live cattle. The factors I believe affect live cattle prices are environmental factors such as methane released by cows, weather variability, price of feedstock, price of corn (since most feedstock uses corn), and diseases such as mad cow disease or other related diseases that may affect price or import/exports and prices of certain grains. In 1964 the Chicago Merchantile Exchange introduced the first futures contract on live animals allowing meat buyers and suppliers to minimize their exposure to risk that involves in trading live cattle. The factors I believe affect live cattle prices are environmental factors such as methane released by cows, weather variability, price of feedstock, price of corn (since most feedstock uses corn),