Goldman Sachs will include the Chicago Mercantile Exchange’s feeder cattle futures contract in the Goldman Sachs Commodity Index, beginning with its 2002 weighting. Feeder cattle will be included in the February 2002 GSCI contract.
The GSCI is a world production-weighted commodity index made up of 26 liquid exchange-traded futures contracts. It includes energy, industrial metals, precious metals, agricultural and livestock products.
Based on the Average Contract Reference Prices which are used to determine the composition of the GSCI 2002, feeder cattle will represent a Reference Percentage Dollar Weight of 0.92% of the GSCI. All of the futures contracts included in the 2001 GSCI will be retained in the 2002 index, except for tin which no longer qualifies for inclusion in the index.