Beef Magazine is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Farm Progress America, June 21, 2021

Audio-Farm Progress America, June 21, 2021

Max Armstrong recalls the days of open outcry in the Chicago commodity markets.

Max Armstrong reports on news that the London Metal Exchange that refused to close its open outcry pit, which is one of the oldest financial institutions. The metals industry still supports the "daily shouting match" as the best way to set global prices. Max shares insights from folks who were involved with the open outcry pit in Chicago. Would traders in the pits have limited volatility?

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: Jonathan Kirn/Getty Images

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.