CME Group values our relationship with the cattle community and is committed to helping producers and other cattle market participants manage their price risk. Since the NCBA’s convention in January, we’ve implemented a messaging efficiency policy in our CME livestock contracts, formed a joint NCBA-CME working group to better understand the industry’s concerns and further enhance CME livestock markets, and taken other steps to address customer concerns about cattle market volatility. We recognize this continues to be a concern for some customers and wanted to address some of the most frequently asked questions we’ve received about volatility in cattle markets.