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KBHB Radio - Second quarter of voluntary price discovery report still missing packer info
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No triggers tripped in negotiated trade volume, some packers still slow to cooperate
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No triggers tripped in negotiated trade volume, some packers still slow to cooperate
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First 75% reporting rule quarterly report shows over 19% violations
Livestock Marketing Information Center/Elliott Dennis, Assistant Professor & Livestock Extension Economist Department of Agricultural Economics, University of Nebraska – LincolnApril 5, 2021Agriculture News
Kansas Livestock Association
STURGIS, SD – As cattle and beef producers –along with politicians – continue to grapple with federal legislation to mandate greater price discovery and transparency in the live cattle and beef trade, the first quarterly report to come out of a much-debated voluntary reporting formula has been released. But with packers still not participating, how useful the quarterly report actually is will add to the debate.
According to an analysis of the first quarter of the National Cattlemen’s Beef Association’s (NCBA) “75%” Rule, overall, across weeks and feeding locations, 19.23% of location-weeks violated the 75% rule. That’s according to Elliott Dennis, Assistan