Article: Cattle market continues search for a market fix

Article - Media, Publications

Cattle market continues search for a market fix

Michelle Rook, 24 May 2021

Cattle producers have significantly struggled over the last few years, and industry leaders continue to look for a solution to what they call a broken market.

The cattle industry continues to struggle to find a solution to what they call a broken market due to anti-competitive practices and market manipulation by the meat packing industry.

Cattle producers have significantly struggled over the last few years. In 2019, a fire at the Tyson beef plant in Holcomb, Kan., created significant market disruptions. In 2020, COVID-19 related plant closures led to additional supply chain disruptions and processing capacity shortfalls across the country. Department of Justice investigations into both incidents have not produced any results. Meanwhile, the industry is again facing a major disconnect between the record profits meat packers are making as a result of high boxed beef prices and the losses cattle producers are facing in the country with low cash prices. It appears plant labor shortfalls remain an issue. Continue reading “Article: Cattle market continues search for a market fix”

Article: Meat Institute Responds to DOJ Investigation Calls into Cattle Market

Article - Media, Publications

Meat Institute Responds to DOJ Investigation Calls into Cattle Market

NAFB News Service, 19 May 2021

The North American Meat Institute this week defended its members against allegations of wrongdoing in the cattle market.

The response follows a closed-door meeting between livestock and farm groups focusing on ways to improve cattle market transparency and a letter from Republican lawmakers to the Department of Justice. The lawmakers requested DOJ continue its investigation regarding cattle market manipulation. Continue reading “Article: Meat Institute Responds to DOJ Investigation Calls into Cattle Market”