In the fall of 2015, many saw cattle prices on the trading boards make wide swings with rises and falls of $2 dollars a hundred weight in less than an hour. To help address concerns, during the 2016 Cattle Industry Convention and NCBA Trade Show a working group between the CME Group and National Cattlemen's Beef Association was created to continue dialogue to address the volatile cattle market.
However, according to NCBA Vice President of Government Affairs Colin Woodall, they have yet to see any data on trade from CME. NCBA has asked CME to address specific areas of concern including implementing a delay between trading actions, greater enforcement against market spoofing, monitoring and reporting of market misuse, and the release of audit trail data.
© Northern Ag Network 2016