Beef Buzz News
TCFA's Ross Wilson Believes Voluntary Market Driven Approach To Increasing Live Cattle Trade Can Be Achieved By Year End
Mon, 03 Aug 2020 09:04:57 CDT
The need for more robust cash cattle trade was clear following the marathon live cattle committee meeting at last week's NCBA summer conference in Denver. The only question was the best route to achieve that goal. Should the cattle industry pursue a regulatory approach or a voluntary market driven approach to increasing live cattle trade.
Ron Hays Beef Buzzes With Ross Wilson
Ross Wilson, president and CEO of the Texas Cattle Feeders Association (TCFA) talked with Radio Oklahoma Ag Network Farm Director Ron Hays about the issue.
There were a multitude of states supporting a little more time for a voluntary solution, Wilson said.
This boiled down to a disagreement in timing as everybody wants robust price discovery, he said.
Wilson noted that TCFA and others have been working hard on this and during the past three months have achieved negotiated trade levels of 13,000 head per week.
For the last three months we have been at 14 to 15,000 head per week, he said.
If there is not some kind of pressure on the packer side, we won't be able to sustain that level, Wilson said.
The result of last week's meeting was a working group to come up with trigger levels to measure robust live cattle trading.
We think we will achieve target goals by voluntary means, Wilson said.
Meanwhile, the large backlog of cattle is still hanging over the market complex.
There are two points here, Wilson said, as we have the backlog to work through and then the shackle space.
Some believe we will get through the backlogs by the end of the year but the leverage of shackle space at the packing plants remains an issue, Wilson said.
The packers have some flexibility in managing that as they determine how many hours they will operate per week, Wilson said.
It remains to be seen as to what the impact will be in working through everything, Wilson said.
If the market driven approach doesn't work, then they will turn to the government for regulatory help on live cattle trade.
Click on the LISTEN BAR below to hear Ron's complete interview with Ross Wilson.
The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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