Trump: Justice Department will investigate

Trump: Justice Department will investigate

President Trump asked the Department of Justice, on May 6, 2020 to investigate meatpacker pricing activity. “I’ve asked the Justice Department to look into it. ... I’ve asked them to take a very serious look into it, because it shouldn’t be happening that way and we...

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Investigation into Market Collapse

Investigation into Market Collapse

In an April 8 tweet, U.S. Secretary of Agriculture Sonny Perdue announced that the Packers and Stockyards Administration would be investigating beef and cattle pricing activity during the COVID-19 pandemic. “@USDA’s Packers and Stockyards Division will be extending...

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Struggling cattle industry seeks solutions

Struggling cattle industry seeks solutions

Almost 150 members of Congress asked U.S. Ag Secretary Sonny Perdue, on April 1, to help deliver subsidy assistance to cattle producers via the Coronavirus Aid, Relief, and Economic Stabilization (CARES) Act recently signed by President Trump. The CARES Act provides...

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Industry considers more negotiated trade

Industry considers more negotiated trade

Livestock market analyst Corbitt Wall brought up an idea on a recent market report that has some caused some buzz in the industry. “I think the thing that we need to do is we need to set a minimum requirement for these big packers to buy negotiated cash cattle,” said...

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Brazil beef approved for shipment to US

Reuters reported Friday, Feb. 21, that the Brazilian Agriculture Minister said the United States had reopened its market for Brazilian fresh beef exports, effective immediately. Fresh beef from that country has not been allowed since June 2017 when some shipments...

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AUDIO: CEO Matt Teagarden details the concerns the Kansas Livestock Association has with the current cattle industry

Matt Teagarden explains that the main concern of Kansas Livestock Association members is to ensure effective, robust price discovery at the fed cattle level. KLA is focused on achieving this through negotiated grid transactions.

AUDIO: Rancher Tracy Hunt discusses industry threats like Foot and Mouth Disease, Global Roundtable for Sustainable Beef

  Q: What do you feel are the major issues standing in the way of fair cattle markets?  The biggest issue is the dominant position the packers have. If there were more marketing options, packers wouldn’t be in the position to oppress producers and depress prices....

AUDIO: Jim Magagna discusses how Wyoming Stock Growers Association is working to achieve fair cattle markets

Jim Magagna, Executive Vice President of the Wyoming Stock Growers Association, feels that the industry has moved from a position of desperation into a position of strength as we’ve seen the market rebound over the past few months. He thinks that transparency and competition within our cattle markets must be restored.

AUDIO: Kyle Hemmert owner of Oakley Livestock Commission Co. discusses industry issues

Kyle Hemmert discusses cattle industry issues such as packer concentration, the recent CFAP payments, MCOOL, and the beef checkoff program. He feels that cattle producers must get some leverage back in order to avoid vertical integration.

AUDIO: Economist Jayson Lusk, “The only thing to blame for the cause of all these issues is Covid-19.”

Jayson Lusk, Economist at Purdue University, discusses how the processing sector isn’t to blame for the unfair markets that cattle producers are facing. He also explains how a vertically integrated industry comes with trade-offs such as price stability.

AUDIO: Dave Duquette discusses the firewall insulating President Trump from issues facing our industry

Dave Duquette, President of Duquette Strategies and Founder and President of Western Justice, discusses the firewall insulating President Trump from the issues threatening the cattle industry. He feels that cattle producers must be vocal about these issues and fight for the industry.

AUDIO: Hank Klosterman discusses why redistributing leverage in market is vital to cattle producers

Hank Klosterman, cattle procurement and cattle producer located near David City, NE, discusses the lack of leverage within the cattle industry. He feels that the industry is in danger of vertical integration if packer capacity isn’t addressed and the futures contract isn’t fixed to regain some leverage.

AUDIO: John Hansen, “The current DOJ investigation into the packers is a joke.”

John Hansen discusses the losses cattle feeders have been dealing with for years. He feels there is plenty of evidence exhibiting illegal activity by the packer between the Holcomb fire and the price gouging that occurred during the pandemic.

AUDIO: Rancher Neil Sanders discuss the possibility of a processing facility in Black Hills

Neil Sanders discusses plans for a smaller processing plant to be built near Hot Springs, SD. He explains some of the challenges and how this plant and other smaller plants will benefit the cattle industry.

AUDIO: Gary Cammack, “While we work to promote our own niche, we need to be sure not to tear down any other part of the business.”

Gary Cammack discusses how competition in our cattle markets has disappeared due to packer concentration. He also touches on the importance of promoting beef, but being sure not to tear down other parts of the industry while doing so.

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