cattle auctions

Beef cattle ranchers have always known that making the best steak starts long before consumers pick out the right cut, or where an animal grazes or what it eats.

The key is in the genetic makeup — or DNA — of the herd. And over the last year, those genetics have taken a historic leap thanks to new, predictive DNA technology.

Joe Wertz / StateImpact Oklahoma

*Correction: A previous version of this story was incorrect. A former accountant of the Oklahoma Beef Council is being investigated for allegedly embezzling $2.6 million from that board. This is a corrected version of the story.*

Federal authorities are investigating the alleged embezzlement of $2.6 million dollars from an obscure Oklahoma board that promotes the beef industry, reports KOSU.

Manda Bricker / Kansas Agland

 From Kansas Agland:

The lone heifer was the star of Pratt Livestock's Thursday sale, raising more than $90,000 in funds for the Gyp Hills wildfires.

"People have been very generous," said Jake Lewis, the auction market's general manager.

Producer Dave Clawson, of Plains, donated the heifer for the noon bidding.

amarillolivestockauction.com

There’s a new online auction that could shake up the U.S. pricing model for cattle, reports globalpost.com. The auction made its public debut last week after a test run, with the support of the world's largest meatpacker. Exchange-operator CME Group Inc said the online auction was an effort to improve cattle futures after complaints about extreme volatility.