Deriv traders settle with CFTC on cow-spiracy charges
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Derivatives

Deriv traders settle with CFTC on cow-spiracy charges

Beef, Brazil, Marfrig, meatpacker, cow

The Commodity Futures Trading Commission (CFTC) on Wednesday said that cattle derivatives traders tied to a Memphis-based Futures Commission Merchant (FCM) “secretly” increased their positions by paying four cattle feed yards to buy and hold hundreds of futures on their behalf.

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