Ranch group applauds 28 members of Congress calling for reform of the cattle and beef market
Billings, Mont. ?? Yesterday, 28 members of Congress, including 16 US senators and 12 US representatives from the Republican and Democratic parties, as well as an independent representative joined the letter written by US Senator Mike Rounds (R-SD) and US Senator Tina Smith (D-MN) calling for reform of government policies impacting the US cattle and beef markets.
The congressional signatories represent 23 states, many of which have more consumer-oriented ridings than traditional livestock-related ridings. Together, they call on United States Attorney General Merrick Garland to take action to protect the nation’s ranchers and cattle ranchers from bankruptcy due to inexplicably low livestock prices and to protect American consumers from paying high prices. too high prices for beef in their grocery stores.
The letter identifies several factors for the government to consider that include but go beyond traditional antitrust concerns. More specifically, the letter asks the government to determine:
- The impacts of concentration and consolidation on the beef market.
- The impacts of the lack of country of origin labeling (COOL) on beef.
- Antitrust concerns in consumer beef and livestock markets.
- The impacts of imports on the national beef supply chain.
- Impacts caused by an insufficient number of beef processing plants.
Does the letter raise concerns that US antitrust laws are not being properly enforced? or that they are not able to fight against the apparent oligopoly that so clearly exists? in the cattle and beef markets. The letter says this is where the congressional signatories and Garland must work together.
?? We are grateful to the 28 congressional signatories on the Rounds / Smith letter who identified the key factors hampering ranchers and ranchers ?? ability to continue to provide American consumers with an abundant, safe and affordable supply of beef? said Gerald Schreiber, President of R-CALF USA, who added, “Identifying these serious problems is the first step in resolving them. ”