Superior Livestock exec talks new online auction site and combatting market volatility

Over the past few decades, fat cattle cash trade has declined as more feeders sell their cattle based on formulas or grid pricing, rather than through the cash market. It has become typical now to only see cash cattle trade develop once a week, occurring late on Fridays generally and all at once. This has in effect caused instability in the marketplace, where now volatility runs rampant as markets struggle to compensate for a variety of circumstantial factors, including the increased fat cattle weights from last year, herd rebuilding and increasing numbers, plus a higher dollar. Farm Director Ron Hays recently met with Kurtis Ward, executive vice president of Superior Livestock, who has been working closely with industry leaders to help alleviate this volatility and ultimately fix the issue in a way that meets modern demand and convenience in today’s trade. Click here to read more and listen to a interview at the Oklahoma Farm Report…