NEWS
Cash Market Moves
Katie Micik DTN Markets Editor
Thu Feb 11, 2016 09:35 AM CST

CME Group will shorten trading hours for livestock contracts effective Monday, Feb. 29.

The move follows escalating criticism that extreme volatility has rendered cattle futures effectively broken for cash market hedgers. Cattlemen have pointed to many factors in that volatility, most prominently the rise of automated trading and the shrinking number of cattle traded on a cash-negotiated basis.

Pending approval by the Commodity Futures Trading Commission, live cattle, feeder cattle and live hog futures and options will trade electronically from 8:30 a.m. to 1:05 p.m. Central Time Monday through Friday. Open outcry hours will be from 8:30 a.m. to 1:02 ...

Quick View
Related News Stories
(none currently available)