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Iowa Cattlemen's Association CEO Matt Deppe says concerns about price discovery and market transparency in cattle are resurfacing after recent volatility tied to the coronavirus outbreak. He notes Iowa producers sell about half their cattle on negotiated cash, while some regions sell under ten percent.
He calls for more negotiated trade in the Southern Plains.
Thin negotiated trade in the South leaves fed cattle prices more exposed to derivatives-driven swings. Buyers should watch whether more cash volume emerges to stabilize values.
brownfieldagnews.comMar 23, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
