The National Cattlemen’s Beef Association has put together a working group with CME to address volatility problems in the cattle markets. NCBA Vice President of Government Affairs Colin Woodall says he’s not sure CME’s decision to shorten the livestock trading hours will help cut down volatility in the markets.
CME recently announced starting Monday February 29, trading hours will shorten to a four and half hour period for live cattle, feeder cattle and lean hog futures. The new trading hours are 8;30 am to 1:05 pm Central time.
Woodall also says trade needs to be slowed down to address volatility.
Woodall says CME instituting Messaging Policy to help with volatility is a good move.
He says Messaging policy would cap the number of trades CME would allow in a single day.
