The CME group has announced planned changes to live and feeder cattle futures price limits. Those changes are pending approval by the Commodity Futures Trading Commission. CME Group will implement the changes on October 5 of 2020. National Cattlemen’s Beef Association’s Policy Division Chairman and South Dakota producer Todd Wilkinson says his group opposes the changes calling for expansion of those limits.

He says they’ve been taking their argument against expanding those limits to the CFTC.

Wilkinson says what’s often forgotten is why the Chicago Board Of Trade was set up for. He says it was to help producers hedge their markets and eliminate risk.

Wilkinson says the futures markets need to be focused on the producer and affordable for the producer to use.