Source: Chuck Abbott, SUCCESSFUL FARMING, 8/6/21


The USDA will launch two new cattle pricing reports next week that “will bring needed clarity to the marketplace,” said Agriculture Secretary Tom Vilsack on Thursday. The reports, which will provide more information on prices for cattle sold through the major channels, such as cash, formula, and contracts, were greeted as a significant step toward transparency in an often-opaque market.
Only a small fraction of cattle — about one in five head — are sold on the spot market, but cash prices are instrumental in determining payments to producers

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