Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   

Agricultural News


Fed Cattle Exchange Offers New Opportunity to Explore Price Discovery in Today's Changing Market

Fri, 15 Dec 2017 10:13:56 CST

Fed Cattle Exchange Offers New Opportunity to Explore Price Discovery in Today's Changing Market


It was a concept talked about for a long time in the beef industry - an auction platform for fed cattle. Superior Livestock and the National Livestock Credit Commission came together to make that idea a reality in recent years, creating FedCattleExchange.com. Robert York, CEO of National Livestock spoke with Radio Oklahoma Ag Network Farm Director Ron Hays about why this concept is so exciting and the value it brings to producers in these changing times.


“All we want to do is make a difference when it comes to transparency, the timing of those sales and how they’re reported,” York explained. “We started out with a tremendous fall about a year ago. Numbers were really growing and we were very excited about it.”


Today, York admits the numbers aren’t quite where he would hope but says the online auction platform is still performing profitably even with lower than preferred numbers. York says he can’t point to a specific reason why there aren’t more participating on the site, but believes it is partially due to a slow adoption rate in the industry. He says it is understandable that people want the most for their cattle and therefor try to privately broker better deals. Unfortunately, though he says that practice comes at the detriment to producers hemmed in by less opportunity for price discovery - the real purpose behind the website.


“There is a need for change,” York remarked. “When you see as many cattle as we see going other ways than negotiated trade - we have to know that eventually we’ve got to find a way for price discovery to replace the lack of those negotiated trades. I tell people all the time, we don’t make the market; we don’t set the market; but we do our best every day to help you find out what the market is.”


Listen to York and Hays discuss the changing times in the marketplace and how the Fed Cattle Exchange offers a new avenue for price discovery, on today’s Beef Buzz.


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.



   



   

Hear York and Hays discuss the changing marketplace and how the Fed Cattle Exchange can help
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday Market Wrap-Up with Justin Lewis  Fri, 22 Jun 2018 14:28:27 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, June 22, 2018  Fri, 22 Jun 2018 14:16:14 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn   Fri, 22 Jun 2018 13:51:59 CDT
  • As Farm Bill Efforts Progress, Rep. Frank Lucas Lays Out the Work Ahead for Congressional Leaders  Fri, 22 Jun 2018 13:20:31 CDT
  • AFR Boasts Record Attendance at Annual Golf Tournament, Generates Thousands for Charity Show  Fri, 22 Jun 2018 12:27:10 CDT
  • BIO Applauds Congressional Action to Reauthorize Funding for USDA's Biotech & Ag Trade Program  Fri, 22 Jun 2018 11:51:24 CDT
  • Zoetis Releases New Advanced Genotyping Platform Developed in Partnership with Angus Genetics  Fri, 22 Jun 2018 11:42:30 CDT
  • Pork Producers Praise House Leaders for Farm Bill's Inclusion of Provisions for an FMD Vaccine Bank  Fri, 22 Jun 2018 11:30:30 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.