Cattle producers soon will have a new way to trade commodity futures and options and manage risk. After three years of careful scrutiny, the Commodity Futures Trading Commission (CFTC) unanimously approved the application of the FutureCom Commodity Exchange for designation as a contract market on March 14, 2000.

FutureCom is the first Internet-based futures exchange. The first contract traded on the exchange, live cattle and options, will be cash-settled, freeing traders from the threat of delivery. FutureCom plans to offer other commodity contracts over time.

Traders on the FutureCom Exchange will be able to examine their account positions updated to the last tick on the Exchange.
To learn more, producers can log on to the FutureCom Commodity Exchange Web site at

The site offers regularly scheduled mock trading sessions for traders to familiarize themselves with the Exchange and how it works.