America’s entire cattle industry depends on a market that is disappearing before our eyes: the negotiated cash cattle market.
Whether you sell finished cattle, yearlings or calves, this market affects your livelihood. Yet the national negotiated cash share of cattle purchases fell from 52.1% in 2005 to just 17.8% in 2025, a decline of nearly two-thirds.
Producers need competing bids and reliable information to evaluate them. A thin market puts both at risk, weakening price discovery and producers’ bargaining power throughout the cattle production chain.
As USDA and the Justice Department carry out the President’s executive order calling for stronger enforcement of the Packers and Stockyards Act, restoring the negotiated cash market must be a priority. Success must be measured where it matters: Can producers obtain competing bids, sell cattle promptly, and evaluate offers using reliable prices?
The President has called for stronger enforcement. USDA, the Justice Department, and Congress must now deliver meaningful competition for America’s independent cattle producers.
Watch 📺 The Shrinking Cash Cattle Market: Why It Matters to Every Producer