Feed association applauds derivatives reform

American Feed Industry Association President and CEO Joel G. Newman applauded derivatives trading reforms that are part of the Senate’s financial regulation overhaul. The bill includes reforms on derivatives trading sough for two years by AFIA.
AFIA will now begin to work with the Commodity Futures Trading Commission and others to make sure the final law, “remain(s) true to our goals for a well-regulated futures market that protects bona fide hedgers against the impacts of the massive speculative limit exemptions.”