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Superior Livestock March 21, 2019 Auction
VIDEO CATTLE AUCTION
THURSDAY MARCH 21, 2019
BROADCAST LIVE FROM THE
SUPERIOR LIVESTOCK OFFICE & STUDIO
IN THE HISTORICAL FORT WORTH STOCKYARDS
FORT WORTH, TEXAS
NEW CHANNEL
DISH NETWORK ~ SLA-TV CHANNEL 997
www.superiorclicktobid.com
SUPERIOR SUNRISE @ 7:30 A.M. (CT)
VIDEO AUCTION @ 8:00 A.M. (CT)
** OFFERING 28,800 HEAD **
100 HOLSTEINS & JERSEYS
11,050 YEARLING STEERS ~ 5,850 YEARLING HEIFERS
11,200 WEANED CALVES ~ 500 CALVES ON COWS
100 BRED STOCK
| HOLSTEINS | 2690 |
| REGION 3/4/5/6 FEEDER STEERS | 2691 ~ 2762 |
| REGION 3/4/5/6 FEEDER HEIFERS | 2763 ~ 2802 |
| REGION 1 & 2 FEEDER STEERS | 2803 ~ 2815 |
| REGION 1 & 2 FEEDER HEIFERS | 2816 ~ 2825 |
| REGION 1 & 2 WEANED CALVES | 2826 ~ 2859 |
| FLORIDA CALVES | 2860 ~ 2865 |
| REGION 3/4/5/6 CALVES ON COWS | 2866 ~ 2867 |
| REGION 3/4/5/6 WEANED CALVES | 2868 ~ 2911 |
| BRED STOCK | 2912 ~ 2913 |
IF YOU WOULD LIKE TO KNOW THE ESTIMATED TIME A LOT WILL SELL
CLICK HERE
OR TO PREVIEW THE VIDEO ON A SPECIFIC LOT VISIT OUR WEBSITE
CLICK HERE
FOR MORE INFORMATION PLEASE CALL 800-422-2117
USDA Announcement
USDA announces Fed Cattle Exchange transactions to be included in mandatory price reporting
In an important announcement, Superior Livestock Auction’s wholly owned subsidiary, Fed Cattle Exchange, received good news when an announcement came from the USDA’s Agricultural Marketing Service (AMS) determining that livestock traded in this format meet the definition of a “negotiated purchase;” whereas, negotiation indeed occurs because buyers can bid on the livestock offered and sellers can either accept or refuse the final bid. Therefore, since October 5, 2016, the USDA’s Agricultural Marketing Service has included including Fed Cattle Exchange transactions in National and Regional direct negotiated slaughter cattle reports.
The goal of the Fed Cattle Exchange is to provide the industry with more transactions to consider when determining the average cash price of market-ready fed cattle. By increasing transparency in the cash cattle market the industry hopes to reduce volatility in futures contracts. The need for assistance in fed cattle price discovery is very evident. Competitive bidding is the most effective means of determining market value and more open negotiated trading of fed cattle is beneficial to the entire beef industry.
Click Here to Read the Complete Article