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While Efforts Of NCBA And CME To Improve Markets Have Progressed, There's Still Much To Consider

While Efforts of NCBA and CME to Improve Markets Have Progressed, There's Still Much to Consider
 
Lots of talk has taken place for some time now between the National Cattlemen’s Beef Association and the CME Group about how to make the markets better, more transparent, less volatile and more reactive to fundamentals. NCBA’s President-elect Craig Uden told Radio Oklahoma Ag Network Farm Director Ron Hays in a recent visit that he has confidence in the direction the discussions have taken.
 
“As we went through, we looked at volatility, we looked at price discovery and contract specs,” Uden listed. “Volatility is somewhat settled down and as the market has kind of collapsed and found a bottom. But, there’s still a lot of things that we have to deal with.”
 
As talks continue, Uden insists that there are still many more conference calls scheduled to take place to give the organizations opportunities to discuss potential solutions including balancing contracts to better reflect that cattle that are available today, or looking into the advantages and disadvantages of cash settlements and other delivery points.
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