|Bid||124.09 x 100|
|Ask||124.10 x 100|
|Day's Range||123.84 - 124.78|
|52 Week Range||92.29 - 127.74|
|PE Ratio (TTM)||26.85|
|Dividend & Yield||2.64 (2.11%)|
|1y Target Est||N/A|
A daily 10-minute auction in Chicago that helps set the national price of cheese is going electronic next week, after being held in a traditional open-outcry format for decades.
An online cattle auction that launched last year as a way to help set prices in the volatile market is in trouble, hurt by technical breakdowns and dwindling participation.
U.S. futures regulators fined a Memphis trading firm and three associates $5 million on Wednesday for using a manipulative tactic in CME Group Inc's cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading & Investments $1.5 million and its chairman, Charles Dow McVean, $2 million under a settlement deal after an investigation. President Michael Wharton was fined $1 million and Samuel Gilmore, a consultant to the firm, was fined $500,000.