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Producers hear concerns for future of livestock industry at Jim Schumacher Memorial Livestock Day

A total of 40 producers listened to four presenters at the annual Jim Schumacher Memorial Livestock Day. Corbitt Wall discussed how the cattle market has evolved from driving herd to market and selling them as only finish cattle pen-side in the stockyards in the 1930s. Currently, we have a feedlot industry in warmer parts of the country. He highlighted that 80% of the cattle are controlled by four major packers and they have control over the price from feedlot to packing plant. This leaves very few finished cattle sold under negotiated sales. This negatively impacts price discovery for...

 

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