New cutout futures will help pork industry with risk management, K-State’s Tonsor says
CME Group to launch new contracts that will reflect wholesale product price after processing MANHATTAN, Kan. – The CME Group’s plan to launch pork cutout futures and options on Nov. 9 is good news for pork buyers as well as producers, a Kansas State University agricultural economist said. “There indeed is significant interest from U.S. and Canadian hog producers in having additional risk management alternatives available,” said Glynn Tonsor, livestock market specialist with…