Animal Science, Department of
Nebraska Beef Cattle Reports
Date of this Version
2024
Citation
2024 Nebraska Beef Cattle Report
UNL Beef, Institute of Agriculture and Natural Resources, University of Nebraska-Lincoln
Abstract
A survey of ten feelot operators, as identified through the Nebraska Department of Agriculture's (NDA) 2019-2020 Cattle Feeder's Directory was conducted to identify the important concepts related to negotiated transactions and price discovery within the fed cattle market. The surveyed feedlots account for approximately 10 percent of the cattle on feed identified within the directory, on a one time capacity basis. Conducted in April of 2023 via phone conversation, the questions were related to 1) negotiated cash transactions, 2) the bidding process, and 3) thinning cash trade. Such results lend insight into the marketing practices that currently dominate the fed cattle industry and reveals relevant mechanisms for price discovery. Serving as a proxy for the industry in Nebraska, the survey results implicate future opportunities for a more specific investigation addressing the effectiveness of cattle marketing strategies and their impact on profitability throughout the entire beef value chain.
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Large or Food Animal and Equine Medicine Commons, Meat Science Commons, Veterinary Preventive Medicine, Epidemiology, and Public Health Commons