Agricultural News
NCBA's Tanner Beymer Explains Price Discovery Discussions at Cattle Industry Convention
Fri, 04 Feb 2022 17:13:18 CST
For the last year, the National Cattlemen's Beef Association's 75% Plan monitored producer and packer participation, specifically percentages of cattle purchased through negotiated cash trade. When the packer participation silo failed to meet minimum negotiated-cash-trade requirements in the third quarter, a trigger was tripped, causing a discussion to be held at the 2022 Cattle Industry Convention and the NCBA Tradeshow.
"We tripped two triggers, which required us to have this dialogue, but we also saw remarkable improvement in negotiated trade volumes all across the country, but particularly in the Southern Plains," Tanner Beymer, director of government affairs and market regulatory policy at the NCBA, said. "I think that is a testament to the fact that as an industry if we decide that we want to do something for the betterment of that industry, we can get it done on our own."
Ron Hays, the senior reporter for the Oklahoma Farm Report, spoke with Beymer about how the meeting went, what we know after having the Plan in place for a year and what that means going forward. Beymer said the meeting was a great opportunity to hear from producers from all parts of the country while discussing negotiated cash trade and a handful of other, related market factors.
"(The NCBA) is going to continue to oppose cash-market mandates or any other legislative solution that will restrict a cattle producers' right to market their cattle in the way that works best for their individual business models," Beymer said.
During the meeting, producers contended for and against supporting mandatory cash trade percentages but stood in accordance with issues like market transparency, confidentiality, livestock mandatory reporting and more.
"A lot of those (other) policies passed on a voice vote with no heard opposition," Beymer said. "I think that is a testament to the work that has been done by the price discovery group, the market transparency working group and our state affiliates."
Now that the NCBA has clear direction from its grassroots members, it is time to go implement it on Capitol Hill, Beymer said.
Hit the LISTEN BAR below to hear Ron Hays and Tanner Beymer talk about how the 75% Plan has shaped resolution discussions within the NCBA.
Our coverage on the Oklahoma Farm Report of the 2022 Cattle Industry Convention and the NCBA Tradeshow 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.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News
More Headlines...
