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

  • Monday Market Wrap-Up with Justin Lewis  Mon, 18 Dec 2017 14:05:37 CST
  • Monday Afternoon Market Wrap-Up with Carson Horn   Mon, 18 Dec 2017 13:58:02 CST
  • NCBA Environmental Guru Scott Yager Exposes the Courts Fallacy of Including Ag Under Superfund  Mon, 18 Dec 2017 13:25:55 CST
  • Senate Ag Committee Chair Pat Roberts Touts Tax Reform Conference Report- WIll Be Helpful to Farmers and Ranchers  Mon, 18 Dec 2017 04:06:27 CST
  • Farm State Lawmakers Help Craft Final Deal Beneficial to Farm Coops in Tax Reform Conference Report  Mon, 18 Dec 2017 04:02:34 CST
  • Oklahoma Senator Inhofe Touts Benefits of Tax Reform Conference Report to Oklahoma Ahead of Likely Vote This Week  Mon, 18 Dec 2017 03:54:41 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, December 15, 2017  Fri, 15 Dec 2017 14:52:48 CST
  • Pork Producers Hail Organic Rule Withdrawal, Thank Perdue for Listening to Farmers' Concerns   Fri, 15 Dec 2017 14:25:55 CST

  • 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

    Find more about Weather in Oklahoma City, OK

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

    WebReady powered by WireReady® Inc.