Jim Meade / Iowa City
Senior Advisor
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07-06-2011
08:28 AM
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
1 Reply
wt510151
Senior Contributor
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07-07-2011
10:40 AM
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.