LONDON MEAT FUTURES NEED MARKETING - CHAIRMAN Pigmeat and beef futures, which have been thinly traded on the London Meat Futures Exchange, LMFE, despite lower physical prices and the introduction of new contracts, need more effective marketing, LMFE chairman Pat Elmer said in his annual report. In 1986 the Exchange introduced live cattle and pig cash settlement contracts, representing a move away from the problems of cash distortions and squeezes, which initial deliverable "buyers option" contracts created, he said. Although the physical industry is aware of the market and follows its prices keenly, this has not been reflected in market volume, Elmer said. "If we are to achieve our true potential the floor members must give the market much more time and attention," he added.