Futures Trading in Frozen Eggs

Report Foreword: This is a report on the frozen egg futures market of the Chicago Mercantile Exchange, one of the more recently developed futures markets on which trading is under Federal regulation by the Commodity Exchange Authority. The report is intended to provide information of interest to egg producers, receivers, breakers, processors, cooperative marketing organizations, poultry extension economists, and others interested in frozen egg futures. The report is based on information and data obtained by the CEA for regulatory purposes, including the results of a special survey as of the end of June 1961, showing the size of each trader's position in frozen egg futures, his location and occupation, and the classification of his position, whether speculative or hedging. Since the futures market for frozen eggs has been of substantial size only for a relatively short period, the data available for analysis are not extensive, and only tentative conclusions may be reached concerning the market's utilization. Over a longer period, however, a clearer picture may emerge as data obtained by the Commodity Exchange Authority for regulatory purposes accumulate and become available for analysis.