Hearing witnesses discuss cattle futures volatility

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Concerns over extreme volatility in the cattle futures markets were discussed at a Senate Agriculture Committee hearing in Washington. Montana rancher, cattle feeder and auctioneer Joe Goggins, testifying on behalf of the U.S. Cattlemen’s Association, said the futures market volatility is deterring cattlemen from using the markets because of the risk of losing capital. “These… Read more »

CME announces modifications to cattle futures trading

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The CME Group has announced that it will take a number of steps “to further enhance livestock markets”. They include a reduction of CME livestock trading hours; a review of the Worthing, South Dakota delivery point for Live Cattle; and formation of a cattle market joint working group with the National Cattlemen’s Beef Association to… Read more »

NCBA wants more from CME

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The National Cattlemen’s Beef Association (NCBA) says measures announced Wednesday by the CME Group to address futures market volatility don’t come close to addressing NCBA’s chief concerns. The CME announced a number of steps that it says will “enhance livestock markets”, including a reduction of livestock trading hours. But NCBA’s Colin Woodall says their concerns… Read more »

CME takes steps to address cattlemen’s concerns

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The CME Group is taking steps to address cattlemen’s concerns with extreme volatility in the cattle futures markets. One of the changes will be a reduction in the CME’s livestock trading hours. “We’ll be removing the afternoon session—the current 1:00 to 4:00 p.m. session—and concentrating trading during the 8:30 a.m. to 1:00 p.m. Central time… Read more »

CME president listens to cattlemen’s concerns

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The president of the CME Group says they will investigate ways to reduce volatility in the cattle futures market. Speaking to a standing room only crowd at a meeting of the National Cattlemen’s Beef Association’s (NCBA) Cattle Marketing Committee in San Diego, Terry Duffy said the CME understands their concerns and will look for solutions. … Read more »

Futures market concerns on cattlemen’s agenda

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Concerns over extreme volatility in the cattle futures market will be in the spotlight today (Friday) at the Cattle Industry Convention in San Diego. The president of the CME Group, Terry Duffy, will address those concerns in a meeting with the Cattle Marketing Committee of the National Cattlemen’s Beef Association (NCBA). Garner, Iowa cattleman Ed Greiman… Read more »

Opportunities for corn price rallies

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An agriculture economist says smaller U.S. corn supplies might help with some price rallies for corn, “With the supply of corn not being quite as burdensome as earlier thought, it opens the door for future friendly surprises to have more of a price impact.” Darrel Good with the University of Illinois tells Brownfield the December… Read more »

Iowa farmer seeks answers on regulation of brokers

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Doug Bell is a man on a mission. Bell, a farmer from Thornton, Iowa, is trying to convince government officials that more needs to be done to protect the accounts that farmers have with commodity brokers. Bell says he lost 600-thousand dollars because a commodity broker did not follow industry rules. He says he’s been frustrated… Read more »

Ag economist says volatility to continue

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An ag economist says whether it’s bigger crops than expected or things happening in Asia – market volatility is here to stay as harvest approaches. “A lot of folks are forecasting very modest growth, up about 1 and a half metric tons of soybean imports in to China. You know, that pales in comparison when… Read more »

Farmer: Price outlook “pretty bleak”

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The price of commodities is an overarching concern among growers. Wayne Fredericks is president-elect of the Iowa Soybean Association and a director on the board of the American Soybean Association. He says the price outlook is pretty bleak, “The outlook at the moment is down, although we’ve seen a really good rally in soybeans the last… Read more »