(USDA.gov via Flickr)

USDA requires meat packers to report online cattle auction deals

Chicago | Reuters –– The U.S. Department of Agriculture said Thursday it will require meat packers to report cattle purchases they make through online auctions to the agency starting next week, a move that stoked traders’ hopes for more transparent markets. USDA will begin including transactions from auctions on the Fed Cattle Exchange in pricing […] Read more

(AllflexUSA.com)

Online U.S. cattle auction halts activity

Chicago | Reuters –– Organizers of an online U.S. cattle auction that ranchers and traders had hoped would help restore transparency to livestock pricing nationwide said on Wednesday they would suspend activity indefinitely after just four sessions. The Fed Cattle Exchange, which held its first live feeder cattle auction on May 25, determined that it […] Read more