Agriculture

The NEFB is asking to update the investigation into meat packaging

MARKET ASSURANCE … Comments

Spread between retail prices of beef, money received by cattle producers relative

On February 17, the Nebraska Farmers’ Bureau (NEFB) sent a follow-up letter to Attorney General Merrick Garland asking the Department of Justice (DOJ) to provide information on its investigation into potential price fixing or market manipulation to ensure packing of cattle. the industry meets the objectives of federal antitrust laws in maintaining a competitive market. (University of Nebraska-Lincoln Communications)

Lincoln, Nebracia – On February 17, the Nebraska Farm Bureau (NEFB) sent a follow-up letter to Attorney General Merrick Garland asking the Department of Justice (DOJ) to provide information on its investigation into potential price fixing or market manipulation. ensure that the beef processing industry meets the objectives of federal antitrust laws in maintaining a competitive market. Nebraska cattle producers deserve answers and are looking for information about this investigation, which has been going on for more than two years.

“The fire at the Tyson Beef Processing Plant in Holcombe, Kansas, combined with the COVID-19 pandemic has caused significant volatility in the cattle and beef market. Although we understand that both unexpected events caused a significant disruption in the market, the unprecedented difference between the prices received by cattle producers compared to beef prices, forced many beef producers, who saw that the market price of their animals fell, put under doubted the substantial revenue from the meat processing sector, “said Mark McHarg, president of the NEFB. back in 2020, a full investigation by the Ministry of Justice will help enforce the law and help restore confidence in marketing institutions. ”

For more than two years, Nebraska cattle producers have seen two significant market disruptions that have affected the country’s slaughter capacity as well as market prices. The next gap between the retail prices of beef and the money received by cattle producers has led to serious discussions about the laws governing the supply of meat in our country.

“The Ministry of Justice has launched an investigation into excessive instability in the markets for live and fattened cattle caused by the COVID-19 pandemic in 2020. Providing up-to-date information on the Department’s investigation into this issue is vital to ensure this assurance. We look forward to receiving information from the Ministry of Justice regarding their investigation so that we can update members of the Farm Bureau and assure them that the country’s cattle markets are adequately monitored and that markets remain fair to farm businesses and families. ranch, ”McGarg said.

The Nebraska Farm Bureau is a massive nationwide organization that supports farm and ranch families and works for the benefit of all Nebraska residents through a wide range of educational, service, and advocacy efforts. More than 55,000 families across Nebraska are members of the Farm Bureau, working together to achieve rural and urban prosperity as agriculture is a key fuel for the Nebraska state’s economy. For more information on the Nebraska Farm Bureau and Agriculture visit www.nefb.org.

– Nebraska Farmers’ Bureau


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https://www.morningagclips.com/nefb-asks-for-meatpacking-investigation-update/ The NEFB is asking to update the investigation into meat packaging

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