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Senior Advisor

5% sold on bid-ask

I see where Missouri is saying the percentaage of hogs sold on the bid-ask basis rather than on some contract or other form of sale is down to about 5%.  Do you still use it and do you think it will be around much longer?

 

http://www.farmgateblog.com/article/prices-are-being-negotiated-for-fewer-hogs-every-year 

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Senior Contributor

Re: 5% sold on bid-ask

How many of the contracts are based on the bid-ask prices? Shows how a few transactions can manipulate the entire price structure.

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