[Federal Register Volume 68, Number 151 (Wednesday, August 6, 2003)]
[Notices]
[Page 46591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-20086]


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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