In this joint conversation, Austin Snedden and Carson Jorgensen discuss how agriculture will be impacted by a democratic administration, the push to do away with CAFOs, the importance of those in agriculture telling their story and various other issues facing agriculture today.
Steve Stratford explains how the beef checkoff worked for the whole industry when it was first implemented, but today producers are seeing very little benefit from the program while packer’s margins have increased to exorbitant amounts.
VIDEO: Attorney Harriet Hageman, “The reality is that the U.S. beef and cattle industry is the safest in the world, we’re importing our problems.”
Harriet Hageman discusses how the cattle industry is facing a monopolistic situation with the four big beef packers. She feels that this fundamental problem must be addressed in order to avoid vertical integration.
VIDEO: Trey Wasserburger, “The DOJ’s investigation into the big four beef packers is the industry’s only hope.”
Trey Wasserburger discusses how the industry needs to come together and get behind the DOJ investigation, as it is our only hope to save the industry. He also talks about Agri Stats, Inc., a data-sharing firm that has blatantly exhibited collusion in both the chicken and hog industries.
“There are a lot of undermining issues within the cattle industry, but none of that matters if we don’t figure out the concentration at the packer level.” Trey Wasserburger discusses how packer concentration has led to the inability to kill cattle, something we have never seen before. He also explains that formulas and captive supply have resulted in little to no true price discovery in the cash cattle market.
Corbitt Wall explains how mandatory RFID tags will cause more cattle producers to be forced from the industry. He also talks about what to expect for the calf market heading into this fall and the fat cattle market through the rest of 2020.