The NCBA Regional Triggers Report

The NCBA Regional Triggers Report

Rick Worthington
Rick Worthington
The NCBA Regional Triggers Report

The National Cattlemen’s Beef Association recently released its proposal to improve price discovery without mandating participation by producers or packers.

NCBA President-Elect Jerry Bohn (bone) explains...

The report also identifies several qualifications each region will need to achieve to avoid tripping price triggers:

Achieve no less than 75% of the weekly negotiated trade volume that current academic literature indicates is necessary for “robust” price discovery in that specific region,

Achieve this negotiated trade threshold no less than 75% of the reporting weeks in a quarter,

Achieve no less than 75% of the weekly packer participation requirements, to be determined in short order, and assigned to each specific region,

Achieve this packer participation threshold no less than 75% of the reporting weeks in a quarter.

NCBA is pursuing this voluntary approach in an effort to avoid government intervention through a legislative or regulatory remedy. Smith, however, notes that if the voluntary approach fails to achieve the price discovery sought by the industry, NCBA would be open to considering legislative solutions.

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