Cattle markets beef up trading with online deals from auction

The U.S. Department of Agriculture will include cattle transactions from a private online auction to bolster price discovery in cash markets amid industry dismay with wide swings in futures markets. The USDA said cattle sold weekly on an exchange owned by Superior Livestock Auction LLC, which says it’s the largest U.S. marketer of cattle using televised and Internet auctions, will be added to the agency’s mandatory reports on negotiated purchases. The livestock industry requested the data inclusion, the government said Thursday in a statement. Read more at AgWeb…