Agricultural News
Texas Cattle Feeders Trade Area Meets Industry Plan Negotiated Trade Requirement for Second Quarter of 2021
Tue, 06 Jul 2021 14:10:48 CDT
According to the Texas Cattle Feeders Association weekly newsletter dtaed July 2nd- Texas, Oklahoma and New Mexico feedlots have had a part in increasing negotiated plan and have exceeded the minumums set forward by the Cattle Industry 75% plan in the second quarter of 2021.
The newsletter reports that "The efforts of TCFA members over the past several months have demonstrated cattle feeders' commitment to increasing negotiated trade and price discovery by exceeding expectations outlined in the industry's 75% plan and successfully passing the 2nd quarter of 2021"
"TCFA members have surpassed levels established in the NCBA plan. More specifically, our members averaged 13,681 head per week in Q2 2021; 10,893 head per week in Q1 2021 and 9,593 head per week in Q4 2020 compared to the TCFA goal of 9,750 head in the NCBA plan. By any measure, we have proven that an industry solution to increasing negotiated trade will work," stated TCFA Chairman Scott Anderson.
Anderson adds "We do not need a government mandate and all the unintended consequences that could result. Our members have clearly demonstrated their commitment to increasing negotiated trade and improving price discovery. We want the market to work and will continue to also focus on leverage and competition issues that are negatively impacting the market."
You can read more about the 75% plan established at the summer business meeting of the National Cattlemen\s Beef Association this past August in Denver- click here to see details of the plan.
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