Last week, the CME Group announced more steps to address volatility in the cattle markets. Trading hours for livestock will be reduced, and CME officials will review a live cattle delivery point in South Dakota. The CME Group also announced a joint working group with the National Cattlemen’s Beef Association to discuss other possible enhancements to its cattle markets, including circuit breakers and other measures aimed at reducing volatility. Starting Monday, February 29th, trading hours will shorten to a four and half hour period for live cattle, feeder cattle and lean hog futures. The new trading hours are 8:30 a.m. to 1:05 p.m., Central time, Monday through Friday. CME Group says 87 percent of daily livestock trade already occurs during those hours. CME Group is also reviewing the Worthing, South Dakota delivery point for Live Cattle and if warranted, will announce changes yet in the first quarter of this year.