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


Superior Livestock's Danny Jones Continues FedCattleExchange.com Discussion

Wed, 18 May 2016 22:45:35 CDT

Superior Livestock's Danny Jones Continues FedCattleExchange.com Discussion


We are less than a week away from the first FedCattleExchange.com internet sale set for next Wednesday, May 25. Superior Livestock Auction created the electronic auction format to help expand the cash market for fed cattle in order to establish a better basis for formula pricing.


Superior Livestock Auction President Danny Jones says the first few sales will be pretty straightforward with the hopes of expanding to more options for buyers and sellers in the future.


“In order for us to make this simple and to prove the concept that price discovery can work in the fed cattle arena, we are doing cash price for immediate delivery only to begin with,” he says. “We do feel like that overtime this can be expanded beyond just immediate delivery and beyond just cash price to include future delivery, to include specialty programs, to include basis for a formula rather than just cash trade that gets reported into the plus or minus on formulas for futures.”


While credentials are required to buy and sell cattle (go to the FedCattleExchange.com website for more information), Jones says there will be a “watch only” option for those interested in seeing how the auction works.


He says it will be different from what folks are used to when they watch a regular SLA sale.


“Don’t expect what you’ve seen in a typical Superior Livestock video auction,” he says. “There is no auctioneer; it’s an electronic format that you can see the bids taking place and the cattle being sold.”


Click on the LISTEN BAR below to hear more about how the new FedCattleExchange.com will work 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

  • OSU's Kim Anderson Discusses the Spread in Hard and Soft Red Wheats and the Falling Prices of Wheat and Corn   Thu, 22 Aug 2019 18:28:45 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, August 22, 2019  Thu, 22 Aug 2019 17:54:04 CDT
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 22 Aug 2019 14:58:29 CDT
  • American Farm Bureau Affirmed in Federal Court's Decision to Send Illegal Water Rule Back to EPA  Thu, 22 Aug 2019 14:31:44 CDT
  • Dr. Rosslyn Biggs is Settling Into Her Dual Role as Beef Cattle Extension Specialist and Director of Continuing Education for OSU's Center for Veterinary Services  Thu, 22 Aug 2019 14:18:35 CDT
  • Thursday Afternoon Market Wrap-Up with Carson Horn  Thu, 22 Aug 2019 13:53:06 CDT
  • Scattered Rain Showers This Week and Next Expected to Slow Expanding Flash Drought Across Oklahoma  Thu, 22 Aug 2019 12:16:01 CDT
  • Elanco Announces Agreement to Acquire Bayer’s Animal Health Business  Thu, 22 Aug 2019 11:56:09 CDT

  • 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

    Search OklahomaFarmReport.com


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

    WebReady powered by WireReady® Inc.