Cattle prices investigated
On the range, they want answers…
Ranchers and the US Department of Ag want to know why beef prices are high, and why ranchers are not seeing fair cattle prices.
Rancher Ted Blackstock of Owyhee County:
"I think the Packers are making a killing still, and have for a couple of years now."
The USDA earlier this year released a report on the cattle markets. American Farm Bureau's Scott Bennett addressed the Idaho Farm Bureau’s Beef committee and said the report examines glaring market price disparities.
“In the report, USDA outlines exactly what has happened in the volatile cattle markets since the Holcomb fire in August of 2019, and the volatilities due to COVID-19. In addition to the report, there are some policy recommendations that USDA feels could be addressed both administratively and legislatively to further reduce the volatility in the cattle market,” said Bennett.
Bennett says Farm Bureau is reviewing the USDA policy recommendations.