More information is critical for an industry that operates “on very thin margins,” producers say.
“The cattle business is a margin business and it’s done on very thin margins . . . five out of the last six years there’s been a loss,” said Janice Tranberg, president and CEO of the ACFA as well as the National Cattle Feeders’ Association. “To be able to understand pricing, and being able to factor that in to all the expenses that go into it, it’s really important.”