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AMS to Enhance Depth of Live Cattle Reporting

Tuesday, October 4, 2016

(North American Meat Institute)

The Agricultural Marketing Service (AMS) last week announced that it will begin including cattle purchased through the Fed Cattle Exchange in National and Regional direct negotiated slaughter cattle reports starting October 5, 2016. AMS stated that livestock traded in the Fed Cattle Exchange meet the definition of a "negotiated purchase," given that negotiation occurs as buyers can bid on the livestock offered and sellers are permitted to accept or refuse the final bid. The Livestock, Poultry and Grain Market News estimates that the inclusion of these transactions will increase the reported weekly volume of negotiated purchases from 1.5 to two percent.

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