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Senator Seeks Hearing Into Big Four Packers, Cattle Markets

A senator is moving to hold a hearing on packer concentration and cattle markets in the Senate Judiciary Committee, though nothing has been scheduled. Meanwhile, producers are waiting for the results of an investigation into cattle markets started by the Justice Department a year ago. ....

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Cattle market continues search for a market fix

Cattle market continues search for a market fix
agweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agweek.com Daily Mail and Mail on Sunday newspapers.

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Cattle industry, lawmakers call for full DOJ investigation regarding anti-competitive practices

Cattle industry, lawmakers call for full DOJ investigation regarding anti-competitive practices
rfdtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rfdtv.com Daily Mail and Mail on Sunday newspapers.

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Livestock groups agree to work on price reporting, USDA investigation, more

Level of captive supply, and
Packer capacity.
The group also agreed to take to their respective organizations for consideration these action items:
Expedite the renewal of USDA’s Livestock Mandatory Reporting (LMR), including formula base prices subject to the same reporting requirements as negotiated cash and the creation of a contract library.
Demand the Department of Justice (DOJ) issue a public investigation status report and as warranted, conduct joint DOJ and USDA oversight of packer activity moving forward.
Encourage investment in, and development of, new independent, local, and regional packers.
This unprecedented meeting brought together diverse producer organizations to identify issues and discuss potential solutions. These issues and action item lists are not comprehensive, due to time constraints of this meeting. Attending organization representatives were pleased to have reached consensus on many issues and are committed to the ultimate ....

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KBHB Radio - Historic meeting between largest ag, cattle groups points to level of concern over markets

Historic meeting between largest ag, cattle groups points to level of concern over markets
Faith Livestock AuctionRepresentatives at the closed-door meeting included the Livestock Marketing Association (LMA) that represents the nation s livestock auction markets.
STURGIS, SD – Decades of political infighting among the nation’s cattle organizations may be at turning a corner. If nothing else, the fact that representatives from these organizations sat across the same table, in the same room, to talk about the same concern, is nothing short of history-making.
Representatives from six of the largest ag and cattle industry groups met recently to discuss the price imbalance in the cattle supply chain. In the past, each of these organizations have responded to one market crisis after another (what the trade is now calling black swan events) with different proposals and policies – effectively fragmenting any message being brought before federal agencies and Congress. ....

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