Negotiated Cash Cattle Market Share Declines in Texas and Kansas
What happened
The national share of negotiated cash cattle purchases has fallen from 52.1% in 2005 to 17.8% in 2025. This represents a decline of nearly two-thirds and is the lowest annual share recorded in the 21-year USDA series. For the week ending September 13, 2026, confidentiality restrictions prevented the publication of negotiated cash prices in Texas–Oklahoma–New Mexico and Kansas. Regional cash transactions are reported to be approaching zero in some weeks in both Texas and Kansas.
From tsln.com
Why it matters
The negotiated cash market is where producers and packers bargain directly over price. These transactions establish benchmarks used to price cattle sold through other arrangements, influencing what feedlots pay for feeder cattle and what stocker operators pay for calves.
Shared challenges in the beef supply chain were reported across Kansas, Oklahoma, and Texas.
From tsln.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.