Intercontinental Exchange (ICE) plans to list live cattle and lean hog futures, targeting a Dec. 7 launch and year‑end availability, as a direct challenge to CME Group. ICE will offer a physically deliverable live cattle contract plus three cash‑settled cattle and hog price contracts; all products remain subject to regulatory review. The announcement comes as CME, the largest US futures exchange, migrates parts of its order‑matching engine to Google Cloud. ICE futures market SVP Trabue Bland sai

Intercontinental Exchange (ICE) plans to list live cattle and lean hog futures, targeting a Dec. 7 launch and year‑end availability, as a direct challenge to CME Group. ICE will offer a physically deliverable live cattle contract plus three cash‑settled cattle and hog price contracts; all products remain subject to regulatory review. The announcement comes as CME, the largest US futures exchange, migrates parts of its order‑matching engine to Google Cloud. ICE futures market SVP Trabue Bland said the move responds to substantial client demand for a credible alternative in a market long dominated by a single exchange.