Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674


Agricultural News

Fed Cattle Exchange Announces the Debut of Its Newly Redesigned On-Line Auction Platform

Fri, 02 Jun 2017 10:36:40 CDT

Fed Cattle Exchange Announces the Debut of Its Newly Redesigned On-Line Auction Platform The Fed Cattle Exchange is pleased to announce the release of its redesigned website, which will feature a reduced PO fee of $1 per head and a rollback function to help quickly establish trade. The rollback function was developed to aid in creating more competitive bidding and robust data points for the industry to view during trading sessions.

The first three lots will be the only lots implementing the rollback and all listings from now on will benefit from the reduced PO fee of $1 per head. The “Rollback” will work as follows:

- Cattle will be placed with a base price similar to current FCE format

- If the cattle do not receive a bid for 10 seconds, the price will decrease by $1 every 10seconds until a maximum of $3 has been reduced on the base price.

- If the price reduces by a total of $3 and an additional 15 seconds has passed without a bidarriving, the cattle will not be sold and the next lot will be offered.

- If a bid arrives at any time during the rollback process, the floor will be set and the pricemay increase until no more bids arrive.

- All sellers have the right to PO the sale of their listing, by clicking the “PO” button in thegrid.

The Fed Cattle Exchange was created to not only increase price discovery and frequency of trade in fed cattle, but to also assist cattle feeders in achieving greater exposure to buyers. Most of our consigners benefit from having multiple buyers bid on their cattle on a weekly basis.

This can especially be a benefit to producers who feed in areas where the number of field buyers has decreased in recent years. Some of the areas with the best cattle often have fewer buyers present. This is an issue we would like to help you with.

Click or tap the PLAYBOX below to watch a video clip featuring a demo of the new FedCattleExchange.com

Source - Fed Cattle Exchange



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Wheat Industry and Other Group Urge the Trump Administration to Appoint USDA Leadership Team  Wed, 28 Jun 2017 15:20:43 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, June 28, 2017  Wed, 28 Jun 2017 15:16:00 CDT
  • Feeder Steers Sell Mostly Steady to Higher This Week at OKC West in El Reno  Wed, 28 Jun 2017 15:13:20 CDT
  • EPA's Withdrawal of the Waters of the U.S. a Step Toward Regulatory Certainty for Soybean Farmers  Wed, 28 Jun 2017 14:58:40 CDT
  • Wednesday Market Wrap-Up with Justin Lewis  Wed, 28 Jun 2017 14:50:50 CDT
  • Wednesday Afternoon Market Wrap-Up with Carson Horn  Wed, 28 Jun 2017 14:34:46 CDT
  • No-Till On The Plains to Host Soil Health Workshop in Enid, Okla. July 6th - Get Registered Now!  Wed, 28 Jun 2017 12:20:16 CDT
  • Three Oklahoma Educators Selected to Take Part in Farm Bureau's '17 On The Farm STEM Program  Wed, 28 Jun 2017 11:44:20 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

    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI