OMAHA, NE – As the beef industry struggles to find a resolution to market issues that have plagued everyone except the packers, Central Stockyards aims to be a part of the soluiution to the problem.
Last week, Central Stockyards, an online only cash trading platform for fed cattle purchased the Fed Cattle Exchange.
MORE: Full release from Central Stockyards of Fed Cattle Exhchange purchase
Forrest Roberts is President and CEO of Central Stockyards and explains how the Fed Cattle Exchange has provided the cattle industry with weekly, cost-effective cattle auctions that provide a platform for price discovery through competitive bidding.
The prices determined in the weekly auctions benefit the entire cattle industry and livestock futures markets by providing a transparent baseline price for weekly negotiated live cattle markets.
(SOURCE: All Ag News)