We’ve waited too long
Commentary By Bill Bullard, Ceo, R-calf Usa
Wednesday, December 6, 2023
In 2019, the volume of fed cattle sold in the negotiated cash market fell to the lowest level in history. It fell to less than 21%. This means less than 21% of all fed cattle sales occurred in the price discovery market. More plainly, only about 100,000 cattle set the base price for the roughly 500,000 fed cattle sold each week.
