Changes will soon be made in the live and feeder cattle and lean hog markets after industry representatives expressed concerns to the CME Group about market volatility.
One of the changes proposed is shorter trading hours. The proposed time is 8:30 a.m. to 1:02 p.m., but still needs approval by the Commodity Futures Trading Commission.
Shorter trading hours could relieve the market’s volatility, according to CME Group’s Executive Director Terry Duffy.
Another possible development is the formation of a working group. This group would be dedicated to “discuss other possible enhancements to its cattle market,” according to Agri-Pulse. To form this group, the CME Group is working with members of the National Cattlemen’s Beef Association.