The CME has been working with cattle industry groups to find a solution to the volatility in the cattle futures market. One of fixes the CME is considering is cash settlement for the live cattle futures contract. However, Nebraska Cattlemen Association President Barb Cooksley says most producers oppose that proposal and instead want more transparency in the cash market.

She says her group’s members are meeting to find some possible solutions they can implement.

Cooksley says they’re also concerned that cattle prices have dropped more than 50-percent from the record highs and they don’t know why.

Cooksley says her group just wants fair and open markets.