The National Cattlemen’s Beef Associations says the CME Group has not addressed concerns regarding automatic trading in cattle markets. CME Group and NCBA have chartered a working group to address volatility in the cattle market. While CME Group has announced measures aimed at reducing volatility, including reduced trading hours, NCBA’s Collin Woodall says automatic trading needs to be addressed. Given the current system, he says “if the playing field is not leveled between speculators, commercial traders, and producers; then our industry loses a critical marketing tool.” NCBA has asked CME to address specific areas of concern including implementing a delay between trading actions, greater enforcement against market spoofing, monitoring and reporting of market misuse, and the release of audit trail data. Woodall added that “before any other changes are proposed, we expect CME to utilize the working group to address the actions we have already suggested.”