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


Agricultural News

Superior Livestock's New FedCattleExchange.com Created to Increase Cash Trade

Tue, 17 May 2016 21:43:39 CDT

Superior Livestock's New FedCattleExchange.com Created to Increase Cash Trade

Feedyards and beef processors will soon have a new way to negotiate trade. Superior Livestock Auction has created FedCattleExchange.com, an electronic auction format that will facilitate the trade of fed cattle. Danny Jones, president of SLA, says the need for this type of market interaction stems from a lack of cash sales.

“We have seen in the last few months situations arise that have caused there to be a need for this that’s recognized from both sides of the aisle,” he says. “We really feel that it’s wanted as badly from the buyers’ standpoint as it is the sellers’.”

The online sales will begin at 10 a.m. (CDT) every Wednesday starting May 25.

Jones says that in addition to managing supply, the new online sale will help increase cash-negotiated trade in the five- area average, which is key in determining the formula trade.

“I think the industry is really cooperating together - the packers and the feedyards alike are anxious to see this happen,” he says.

More information about how the new platform will work is available at FedCattleExchange.com.

Click on the LISTEN BAR below to learn more about the new FedCattleExchange.com during the latest 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.



right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Friday December 6 2019 Market Wrapup with Justin Lewis  Fri, 06 Dec 2019 20:11:33
  • Plains Cotton Growers Offers Stress Resources to Producers  Fri, 06 Dec 2019 17:50:47 CST
  • 2019-2020 Oklahoma High School Seniors Conservation Auxiliary Scolarship Application  Fri, 06 Dec 2019 17:40:45 CST
  • Recapping the 2019 U.S. Soybean Crop Results  Fri, 06 Dec 2019 17:34:12 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, December 6, 2019  Fri, 06 Dec 2019 17:30:01 CST
  • Hannah Thompson-Weeman on the Book- What Would Jesus REALLY Eat?  Fri, 06 Dec 2019 13:49:38
  • US Pork to China Now at Fast and Furious Pace Based on Latest US Meat Export Stats  Fri, 06 Dec 2019 13:43:49
  • Atop the RON Rural Soapbox - Former Secretary John Block  Fri, 06 Dec 2019 10:52:47 CST

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.