In a bid to bring more transparency to the cattle price discovery process, the National Cattlemen’s Beef Association (NCBA) last week outlined a new system requiring beef packers to meet certain thresholds of negotiated cash sales in order to avoid a push for government mandates.
Dubbed the “75% Plan,” the system lays out a framework for establishing minimum negotiated cash trade benchmarks that packers must meet on a regional basis.
The Iowa Cattlemen’s Association earlier this year announced support for...
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