“The result has been decreased confidence for cattlemen using the futures markets as a risk protection 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.
“While CME has announced certain measures, the effect of automated trading remains unresolved,” said Woodall. “The market needs liquidity, but it must also serve the function of a meaningful risk management tool.
“Before any other changes are proposed, we expect CME to utilize the working group to address the actions we have already suggested.” 
