Post updated with Central Stockyards CEO interview
The Fed Cattle Exchange weekly fed cattle online auction has been acquired by Central Stockyards, LLC.
Since 2016 the Fed Cattle Exchange has provided the cattle industry with weekly, cost-effective cattle auctions that provide a platform for price discovery through competitive bidding. The prices determined in the weekly auctions benefit the entire cattle industry and livestock futures markets by providing a transparent baseline price for weekly negotiated live cattle markets.
“The Fed Cattle Exchange is a vital tool to the cattle industry because it provides transparent price discovery,” said Forrest Roberts, President and CEO of Central Stockyards, LLC. “Our vision is that we can make the Fed Cattle Exchange even more valuable to customers and the entire cattle industry by using technical innovations to adapt to immediate industry needs.”
Financial terms of the agreement which became effective July 24 were not disclosed.
*Post Update*
Learn more about the acquisition and plans for the future from Central Stockyards CEO Forrest Roberts
Interview with Forrest Roberts, Central Stockyards