Ticker Symbols: Calls: KF: Puts: JF

Underlying Contract: One Feeder Cattle futures contract(.50,000 pounds)

Strike Prices: Even intervals of 2 cents per pound, e.g., 80@, 82c, 84C, except for options on the nearby futures contract, then 1-cent-per-pound intervals will be listed, e.g., 80(z, 81c, 82(:

Premium Quotations: Cents per pound, $5.00 per point e.g., $2.00 premium @ $1,000

Min Price Fluct: $12.50/tick(cabinet = $6.25)

Daily Price Limit: None

Contract Months: Jan, Mar, Apr, May, Aug, Sep, Oct, Nov

Trading Hours: 9:05 am-1:00 pm (Chicago Time).

Last day: 9:05 am-12:00 pm

Last Day of Trading: Last Thursday of contract month, except that trading in the November contract shall terminate on the Thursday prior to Thanksgiving Day, unless a holiday falls on that Thursday or on any of the four weekdays prior to that Thursday, in which case trading shall terminate on the first prior Thursday that is not a holiday and is not so preceded by a holiday.

Min Perform Bond: No performance bond required for put or call option buyers, but the premium must be paid in full; option sellers must meet additional performance bond requirements as determined by the Standard Portfolio Analysis of Risk (SPAN ) performance bond system.

Exercise Procedure: An option may be exercised by the buyer up to and including the settlement date. Early exercise is accomplished by the clearing member representing the buyer submitting an Exercise Notice to the Clearing House by 7:00 p.m. on the day of exercise. Any long in-the- money options positions not liquidated or exercised prior to termination of trading will be automatically exercised and settled on the day after the last day of trading.