Nebraska Cattlemen’s president is satisfied with compromise on cash trade issue

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Nebraska Cattlemen’s president is satisfied with compromise on cash trade issue

The president of the Nebraska Cattlemen’s organization says he’s satisfied with the compromise reached on the cash trade issue at the NCBA meeting in Denver.

Ken Herz, a cattle feeder from Lawrence, says the compromise creates a process to see if the industry can achieve robust price discovery on a voluntary basis.

“But it also appeases the people that were really pushing for some type of, let’s say, 50/14—that if this isn’t achieved in a very short time, then we’re going to move to some type of regulatory process,” Herz says.

He says Nebraska Cattlemen has members on both sides of the issue.

“It’s about evenly split among our members. So I think this was a really good compromise.”

Herz says an NCBA working group has until October 1st to come up with a plan to increase negotiated cash trade on a regional basis.

AUDIO: Ken Herz