Cattle futures market descends into chaos

Wild swings in the cattle futures market have prompted some traders to call it “the meat casino.” In response, the world’s largest futures exchange has refused to list new contracts, leaving ranchers with fewer tools to hedge the $10.9 billion market. CME Group Inc. said that is because trading of physical cattle has become so scant that the futures market can’t get the signals it needs to set prices. Read more at the Wall Street Journal…