CME Launches Beef Trim Trading as US Cattle Herd Roils Prices

CME Group is launching trading contracts for the beef products used in hamburgers and meatballs, as prices surge amid a shrinking US cattle herd.

By Ilena Peng · Bloomberg Markets

CME Group is launching trading contracts for the beef products used in hamburgers and meatballs, as prices surge amid a shrinking US cattle herd.