It’s been a little over 18 months since CME Group began working with the livestock industry on fixing various issues with cattle futures contracts. CME Group Managing Director of Agricultural Products, Tim Andriesen says they’ve made several changes in that time.

Andriesen says those changes have resulted in higher open interest and lower futures volatility. However, he says the changes actually were designed to better align the cattle futures contracts to cash market values…

Currently, he says so far there seems to be satisfaction with the how the changes are working.

The only other potential change in cattle futures contract is a proposal to increase daily price limits.
Learn more online at www.cmegroup.com.