Price Transparency and Discovery in Live Cattle Markets: Is There a Role for Regulation?
- Wednesday, April 7, 2021 from 2:00pm to 4:00pm
- Virtual Workshop; link provided
The cattle/beef industry is the largest United States food sector. Approximately 25 million head of fed cattle are processed annually in the U.S. Many segments of the beef cattle industry have raised concerns that the live cattle negotiated market has become too thin. The percentage of live cattle procured through direct negotiations has declined to about 15 percent, while the percentage procured through formulas has increased to almost 70 percent. Most of these formulas are based on negotiated cattle prices.
Congressional legislation has been introduced which, if passed, will mandate that a minimum percentage of live cattle be procured through a direct negotiation process.
Please join us for this workshop that will bring together a small group of experts and stakeholders that will evaluate the relative benefits and costs of proposed market interventions and offer alternatives.
To join the workshop, follow this link.