Business & Investment

Analysts say the cattle market needs to be fixed sooner or later

news

Analysts say the cattle market needs to be fixed sooner or later

Many stakeholders in the cattle industry are seeking to correct price imbalances in the cattle industry. And one cattle market analyst says that in a desperate era, desperate measures are needed. “It’s embarrassing to have to go to the government to help with this,” said Corbitt Wall, a domestic violence auction. “That’s because the industry is crazy about it.”

He says there are several bills proposed by Congress to establish the mandatory minimum amount of cash transactions negotiated. There are two bills in the Senate. One is sponsored by Senator Chuck Grassley of Iowa and the other is sponsored by Senator Deb Fischer of Nebraska. Fisher’s bill is in the House of Representatives, recently introduced by Missouri Congressman Vicky Hartzler. “I totally agree with the end result of what both of these bills are trying to do,” he says.

Wall told the brownfield at this point that cattle producers need legislation to continue their business. “Otherwise, we’ll reach the point where there is no demand for cattle in captivity and we can’t find regular prices,” he says. “It will drip into the calves and first graders offered by your little grower.”

Mr. Wall said he likes the Grassley bill because of its aggressive push to increase negotiated cash transactions, while the Fisher bill offers more flexibility. The Fisher bill also calls for greater transparency in reporting sales information cataloged in contract libraries.

Audio: Corbitt Wall, DV Auction



Analysts say the cattle market needs to be fixed sooner or later

https://brownfieldagnews.com/news/analyst-says-cattle-markets-need-fixed-sooner-rather-than-later/ Analysts say the cattle market needs to be fixed sooner or later

Back to top button