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

Improved Cash Cattle Trade Vigorously Debated at Summer Cattle Industry Business Meeting

Thu, 30 Jul 2020 05:48:41 CDT

Improved Cash Cattle Trade Vigorously Debated at Summer Cattle Industry Business Meeting SIX HOURS! Thatís how long the NCBA Live Cattle Marketing Committee met in Denver on Wednesday- chasing the goal of improving Price Discovery for the fed cattle market- and eventually developing a compromise which was dictated in real time to staff and seen by everyone in the Committee room on the screen.

The resolution that came together after several hours of back and forth states "NCBA supports a voluntary approach that:

1. Increases frequent and transparent negotiated trade to a regionally sufficient level, to achive robust price discovery determined by NCBA funded and directed research in all major cattle feeding regions and

2. Includes triggers to be dtermined by a working group of NCBA producer leaders by October 1, 2020.

Be it further resolved, if the voluntary approach does not achive robust price discovery as determined by NCBA funded and directed resaearch, and the meet the established triggers that increase frequent and transparent negotiated trade to a regionally sufficient level, and triggers are activated, NCBA will pursue a legislative or regulatory solution.

Be it further resolved, NCBA will support a three year review/sunset provision on any negotiated trade solutions mplemented to allow for a thorough cost benefit analysis to be conducted."

Bottom line that came out of the meeting- state cattle groups agree that NCBA will aggressively pursue a voluntary path but if that fails- a regulatory/legislative solution can and will be explored

Passions were high and relief was obvious for what was accomplished- which was achieved after the Chair called for a five minute recess that lasted 30 minutes- the picture here is of the hallway scrum with State Cattle Execs along with a couple of past Presidents of NCBA talked for an extended time about language that might break the logjam.

After the meeting ended- we talked to several cattle industry leaders- including Oklahoma Cattlemen's Association President Mike Weeks and OCA Executive Vice President Michael Kelsey- click on the LISTEN BAR below to hear their thoughts and our commentary on the session.


Ron Hays Explains the Passion Seen in a Six Hour Committee Meeting at NCBA's Denver Meeting
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • OSU's Kim Anderson Talks Quality of the Harvested Winter Wheat Crop  Thu, 29 Jul 2021 16:06:20 CDT
  • Lucas Statement on Passage of House Appropriations Minibus   Thu, 29 Jul 2021 15:41:14 CDT
  • Thursday, July 29, 2021 Market Wrap-Up with Justin Lewis  Thu, 29 Jul 2021 14:46:06 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m, Thursday, July 29  Thu, 29 Jul 2021 14:15:41 CDT
  • AEM Applauds Senate Bipartisan Infrastructure Deal  Thu, 29 Jul 2021 14:14:12 CDT
  • Statement of NCFC President Chuck Conner on the Bipartisan Infrastructure Legislation in the Senate  Thu, 29 Jul 2021 14:12:33 CDT
  • Meg Greski With Oklahoma Conservation Commission Explains Journey to Soil Health  Thu, 29 Jul 2021 14:35:23 CDT
  • Purdue's Jayson Lusk Breaks Down Three Major Issues Before the House Ag Sub-Committee  Thu, 29 Jul 2021 11:30:06 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.