Many stakeholders in the cattle industry are pushing for a fix to the price imbalance in the cattle industry. And one cattle market analyst says desperate times call for desperate measures. Corbitt Wall with DV Auctions says, “Well it’s embarrassing that we have to go to the government to get help with this,” he says. “Because it’s something the industry has gotten itself into.”
He says there are a couple of bills that have been proposed in Congress to establish a mandatory minimum for negotiated cash trade.