News
Live cattle marketing committee takes center stage at Cattle Industry Convention
Members of the cattle industry continue their work finding ways to increase competition in the markets. The National Cattlemen’s Beef Association’s Live Cattle Marketing Committee meets later today to debate resolutions on the floor relating to a mandate for cash trade.
Illinois Beef producer Dave Duzan says that session could be “colorful”. Duzan has been meeting weekly as part of the NCBA’s cattle market transparency working group.
He tells Brownfield there’s pending legislation that includes a Cattle Contract Library and if that passes it would be a big win for the industry. “Everybody has questions about these AMAs, Alternative Marketing Agreements,” he says.
He says a Contract Library would pull the curtain back on some of those deals. “Having the details of those trades, or those agreements, published,” he says. “It would include anything from how base price is determined, time of delivery, the amount of cattle that are going to be delivered at a specific time.”
Duzan says teaching producers how to understand and utilize that data to be more competitive will also be important.
AUDIO: Dave Duzan, Illinois Beef Association vice-president, Lexington, IL
