Markets

Markets

NCBA: Concerns CME Group changes won't fix market volatility

The CME Group has proposed a number of recent changes in an effort to resolve instability seen in cattle markets. National Cattlemen’s Beef Association (NCBA) officials say the moves aren’t addressing the problem areas and more communication is needed between the organizations.

On Wednesday, CME Group announced a change in trading hours, a review of a live cattle market and the creation of a working group with NCBA.

Markets

WASDE: Production up for meat, milk

The 2016 forecast of total red meat and poultry production is raised from last month as higher forecast pork and broiler production more than offsets reduced forecasts for beef and turkey. USDA’s Cattle report, released January 29, estimated that the cattle inventory continued to increase and pointed to a higher level of cattle outside feedlots on January 1, 2016.

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