Voluntary or Mandatory? Is the Question
Ken Herz, NC President, giving an update on the 6-hour live cattle marketing committee during NCBA summer business meetings in Denver.
“It was an incredible meeting; it did take quite a long time. One of the biggest topics of discussion was robust price discovery.”
Can we get robust price discovery without mandates? That is the ultimate question. Many amendments were made throughout the meeting on the policy that was presented. Everyone agreed that they wanted robust price discovery, the question is should it be mandated?
The end agreement is that we would try to get robust price discovery voluntarily. However, part of the solution is that if it is not achieved then a NCBA sub-committee would re-work and look at other options including mandatory price discovery.
Audio: Ken Herz