Beef Buzz News
NCBA Goes On Record Opposing Federal Government Mandates of Cash Cattle Trade
Thu, 03 Feb 2022 05:23:46 CST
It was a relatively short meeting on Wednesday at the 2022 Cattle Industry Convention in Houston of the Live Cattle Marketing Committee- at least when you compare this meeting to the Six Hour July 2020 meeting held in Denver when cattle producers agreed to pursue more cash cattle trade and going after it by establishing a task force that would develop measurements of cash and negotiated trade- click here to read more of that July 2020 meeting and hear my commentary on what was done that day.
Coming out of that meeting was the 75% plan- which documented the efforts of the industry in especially the southern great plains to increase cash and negotiated trade. That plan was the framework of tracking cash trade in the US over the first three quarters of 2021. The good news from that monitoring was that cash trade was increased while the bad news was the packers were not doing their fair share in increasing price discovery through cash and negotiated trade.
The triggers that occurred under that plan brought the industry back to the meeting on Wednesday in Houston to determine the policy direction of NCBA on cash trade- and while the midwest states still were promoting some level of federatlly mandated cash trade- the majority of the delegates wanted to preserve what was being called the "Freedom of Choice for a cattle producer" in how they market their cattle- this language was part of the framework that was proposed by several state cattle groups- including the Oklahoma Cattlemen's Association and the Kansas Livestock Association. Their amendment to current policy was further amended by language proposed by the Texas and Southwestern Cattle Raisers that would specfically put the NCBA on record as "NCBA opposes any mandate on cash trade volumes." That amendment received a roll call vote- and passed 146 to 41. The amended amendment then passed by a voice vote.
After the vote- Senior Farm and Ranch Farm Broadcaster Ron Hays talked to Executive VIce President Michael Kelsey of the OCA about the work of the Committee- and the need to build on what has been done to get more negotiated cash trade and negotiated grid trade to improve price discovery.
We also talked with Colin Woodall about this price discovery debate being just one of the pieces of the puzzle to restore greater profitability to cattle producers from the cow calf producer all the way to the feedlot operator.
Listen to the comments from Kelsey and Woodall from Wednesday in Houston by clicking on the Listen Bar below.
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.
Our coverage on the Oklahoma Farm Report of the 2022 Cattle Industry Convention and the NCBA Trade show is sponsored by Performance Beef from Zoetis. Performance Beef simplifies feed, performance and health data collection, without double data entry or complicated software. Track feed, generate real-time closeout reports, create accurate invoices, record health data at the chute, in the pen or pasture; or analyze performance trends - all in one place with ease. Try the app for yourself by clicking here.
Ron Hays Beef Buzzes with Michael Kelsey and Colin Woodall on Cattle Market Issues
right-click to download mp3
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