National Cattlemen Engaging With CME Group To Make Cattle Futures Work As Intended- And At Other Options As Well

Sep 12, 2016

The huge jumps higher and lower on the live cattle and feeder cattle futures traded on the Chicago Mercantile Exchange have caused a lot of concern within the beef cattle industry. Colin Woodall, who heads up with the Washington office of the National Cattlemen's Beef Association, says members of his group have been very clear that everything that can be done to address the volitility issues being seen within the cattle futures needs to be done- that they have value to beef cattle producers and cattlemen do not want to lose these contracts, which have been good risk management tools done through the years.

Woodall says the members of NCBA are telling him that they want and need these tools in place, but they need to work the way in which they were intended.

Woodall's comments are featured in our latest Beef Buzz, as heard on Radio Oklahoma Ag Network stations across the region. He says the NCBA is committed to work with the CME Group, the body that owns and operates the Cattle Futures in their Chicago trading facilitites.

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Video: Sorting Ewes & Rams | Breeding Time On The Farm!

In this episode, we’re sorting ewes into their breeding groups and introducing them to unrelated rams. Moving rams between barns always comes with challenges, but once the boys meet their ewes, everyone was eager to settle in!

We also welcome back a returning customer who purchased a Suffolk ram from us last year. This season, she chose a Dorset cross ram, now named Benny, to strengthen her flock’s genetics. It’s always rewarding to see repeat customers who value the quality of our breeding stock.

Arnie then tours the crop fields as harvest season approaches. Despite drought conditions this summer, the crops are looking surprisingly good. We close the day with evening feedings and one last look at the rams with their new breeding groups.

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