Illinois Beef Association addresses concerns over cattle market legislation
Members of the Illinois Beef Association have concerns about pending federal cattle market legislation.
IBA Vice President Dave Duzan says congress is considering a cattle contract library for formula priced cattle.
“That way of pricing and selling fed cattle is more prevalent in the southern plains than it is in the northern area. In the state of Illinois, well over 50% of our cattle are sold either negotiated cash or negotiated grid.”
Duzan, who served on the National Cattleman’s Beef Association’s working committee focused on cattle market price discovery and transparency, says there is still robust cash trade in Illinois.
IBA President Paul Walker says they are not in favor of mandated negotiated cash trade.
“We already sell half of our cattle in Illinois in the cash trade, we want to allow our producers and feedlot operators to have as much diversity in how they market their cattle as possible. We don’t want to limit their opportunities.”
Brownfield interviewed Walker and Duzan at the 2022 Illinois State Fair.