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Comment for Proposed Rule 78 FR 75680

  • From: Dane King
    AGN Futures

    Comment No: 59583
    Date: 2/7/2014

    Comment Text:

    I would keep the position limits for the livestock complex as is. First the current rules allow for better liquidity across contracts. Second most speculators do tend to stay in the first month or two contracts. End users utilize spreads to help manage basis risks against cash market fluctuation through out the year. If you were to "force" more people into nearby contracts, you could have an unintended consequence of getting spreads way out of whack and negatively affecting end users.

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