Negotiated cattle trade increases but falls short of goal
By Carol Ryan Dumas, Capital Press (OR)
May 3, 2021
An analysis of the cattle trade in the first quarter of the year shows negotiated trade fell short of the National Cattlemen's Beef Associationís goals in some regions of the nation ó but it also showed substantial improvement in some regions compared to the first quarter of 2020.
NCBAís plan is to achieve at least 75% of robust trade levels in each region during at least 10 of the 13 weeks in a given quarter.
Failure to meet those levels constitutes a minor trigger, and three minor triggers constitute a major trigger. The NCBA will seek a legislative or regulatory solution if there are two major triggers in the most recent four rolling quarters.
Analysis of the first quarter by Justin Benavidez, extension economist at Texas A&M University, found the Texas-Oklahoma-New Mexico region failed to meet the minimum threshold during four weeks of the quarter.
The Kansas region failed in six weeks, the Nebraska-Colorado region failed in two weeks and the Iowa-Minnesota region did not fail in any of the weeks...