Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


Volatility Concerns Linger as NCBA and CME Continue to Work Towards Solutions

Tue, 27 Sep 2016 12:21:52 CDT

Volatility Concerns Linger as NCBA and CME Continue to Work Towards Solutions


While lots of concern about the volatility in the futures trade continues to linger in the cattle business, Kendal Frazier, CEO of the National Cattlemen's Beef Association, tells Farm Director Ron Hays that his organization is still working with the CME Group to resolve this problem. In fact, he says full discussions will pick back up in mid-October with the working group's next scheduled meeting in Washington, D.C.


"We've kind of revised that work group and revamped it," Frazier said. "They're also going to meet with people representing the Commodity Futures Trading Commission. We're going to bring in some outside third party experts, who will address the working group and who really follow the cattle futures market."


Frazier says they understand that all commodity prices across the board have been under pressure for a lot of reasons, citing a number of economic factors at play including a strong dollar and a slowing economy. However, he contends that the volatility in the cattle futures contracts are unprecedented and need to be stabilized as producers rely on them as tools in managing risk.


The CME Group has prepared some ideas to present to the work group on better ways to structure contracts; ideas Frazier says the group is open to and willing to discuss. One idea though, cash settlements, is off the table as the group affirmed this summer their policy is against such terms.


"We have some people that believe cash settlements won't work and they still want the option of live physical delivery," Frazier said. "Let's get in a room and talk about and see if we can find solutions - that's what this working group has been about since day one."
Listen to Kendal Frazier discuss NCBA's upcoming meeting with the CME Group on fixing the market volatility problem with Farm Director Ron Hays on today's Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.



   




   

Listen to Kendal Frazier discuss NCBA's upcoming meeting on fixing the market volatility problem
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.