CME Group, the world's largest and most diverse derivatives exchange, announced today that options on feeder cattle futures will be listed on CME Globex® beginning Monday, November 24, 2008.

The electronically traded feeder cattle options will be offered virtually 23 hours a day each weekday, including side-by-side with the floor traded product that will continue to trade from 9:05 a.m. to 1:02 p.m. Chicago time. Electronic trading begins on Mondays at 9:05 a.m. and remains open through Fridays at 1:55 p.m. with daily hour-long trading halts from 4:00 p.m. to 5:00 p.m.

The electronically traded feeder cattle options have the exact same contract specifications and are fungible with the floor-traded contracts.