Dave Duzan and Paul Walker at the 2022 Illinois State Fair
Members of the Illinois Beef Association have concerns about pending federal cattle market legislation.
IBA Vice President Dave Duzan says congress is considering a cattle contract library for formula priced cattle.
“That way of pricing and selling fed cattle is more prevalent in the southern plains than it is in the northern area. In the state of Illinois, well over 50% of our cattle are sold either negotiated cash or negotiated grid.”
Duzan, who served on the National Cattleman’s Beef Association’s working committee focused on cattle market price discovery and transparency, says there is still robust cash trade in Illinois.