NYSE Owner Intercontinental Exchange to Launch New Livestock Futures Contracts, Challenging CME Group

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is set to introduce new cattle and hog futures contracts by the end of the year, aiming for a December 7 launch pending regulatory approval. This move will create direct competition for CME Group, which has historically dominated the livestock futures market. ICE plans to offer physically settled cattle futures alongside three cash-settled contracts tied to cattle and hog prices.