The online live cattle trading platform formerly owned by Superior Livestock Auction, Fed Cattle Exchange, has been transferred in ownership to 5150 Production Company.
In an official statement, Fed Cattle Exchange said through the sale, the “goal of the Fed Cattle Exchange remains the same, to provide the industry with more transactions to consider when determining the average cash price of market-ready fed cattle.”
Danny Jones, President of Superior Livestock Auction, said the Fed Cattle Exchange was established to bring increased price discovery and transparency to live cattle trade.
The official statement states that Fed Cattle Exchange aims to both increase transparency in the cash cattle market as well as open more negotiated trading of fed cattle through competitive bidding.
“We believe that 5150 Production company is uniquely positioned to make the most of the potential of the platform, so we look forward to seeing it taken to the next level,” Jones said.
