Kyle Arganbright discusses how the cattle industry has tried to commoditize beef. High-quality beef should be earning a premium, but that isn’t the case because of packer concentration.
Brett Crosby, U.S. Cattlemen’s Association board member discusses the Cattle Market Transparency Act of 2021. Crosby explains that the goal of this legislation is price discovery, which will give those who negotiate cash trade the information they need to price their animals accordingly.
Gilles Stockton discusses how vertical integration has already taken out thousands of independent cattle feeders. Cow calf producers are feeling vertical integration through subtle instances such as the USDA pushing for mandatory RFID tags and the push for certain bloodlines.
Jerod McDaniel believes that the mess we have in the cattle industry is one that can’t be untangled. It’s obvious that the system is rigged, but for some reason we all continue to play. “A lot of the cattle industry problems fall right at the feet of the producers themselves who have refused to take the bull by the horns and say we aren’t going to take this anymore.”
U.S. Senator Steve Daines of Montana discusses how the cattle industry needs to reinstate MCOOL. Senator Daines also touches on the market manipulation we’re seeing from the packers and how the Biden Administration’s Green New Deal will affect agriculture.