The president of the Nebraska Cattlemen’s organization says he’s satisfied with the compromise reached on the cash trade issue at the NCBA meeting in Denver.
Ken Herz, a cattle feeder from Lawrence, says the compromise creates a process to see if the industry can achieve robust price discovery on a voluntary basis.
“But it also appeases the people that were really pushing for some type of, let’s say, 50/14—that if this isn’t achieved in a very short time, then we’re going to move to some type of regulatory process,” Herz says.
