NCBA Continues to Express Concerns with Market Volatility
WASHINGTON (Feb. 11, 2016) – After hearing concerns from membership nationwide, the National Cattlemen’s Beef Association has instituted a working group with the CME Group to address volatility in the cattle markets. Working together as an industry is the best way to resolve these issues said Colin Woodall, NCBA senior vice president of government affairs.
“Recently the cattle markets have been susceptible to volatile limit price moves without corresponding market news,” said Woodall. “The result has been decreased confidence for cattlemen using the futures markets as a risk protection tool. This is not an issue for the government to address, but an issue the industry can resolve by working with CME.”