CME's collaboration with cattle industry yields some welcomed improvements to the futures market

About a year and a half ago, the CME Group began working with the cattle industry to make changes to live and feeder cattle contracts to more closely align them with cash market values. While the changes made so far were not specifically designed to lower the level of volatility in the market which past incidents helped to spark this effort, CME’s Managing Director of Agricultural Products Tim Andriesen says that volatility seems to have calmed a bit compared to two years ago. Listen to Andriesen explain some of the measures taken by the CME Group over the last 18 months to help increase transparency and lower risk in their trading platform with Radio Oklahoma Ag Network Farm Director Ron Hays, on Thursday’s Beef Buzz. Read more…