Sen. Grassley works with USDA to help livestock producers
After USDA released its beef pricing report, many producers were left wondering what is next.
Senator Chuck Grassley is working closely with the Department of Agriculture to seek solutions for livestock producers. “The Department of Agriculture recognizes this very much, so they laid out a road map to fix the cattle market place with 12 considerations for Congress,” the Senator states. “These create additional price discovery, increase market competition, and more transparent relationship between the price of live cattle and beef products.”
The USDA price report found no wrong-doing, but Sen. Grassley has legislation to prevent the same problem. “The report also asked Congress to consider a mechanism to mandate negotiated cash trade. I see this as an endorsement of the Grassley, Tester bill, which says 50 percent slaughter and 14 day reporting period.”
The bill has support in the Midwest, but Senate Ag Committee Chairman Pat Roberts is reportedly opposed to the bill.