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Beef CEOs to testify in upcoming House Ag Committee hearing


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Beef CEOs to testify in upcoming Home Ag Committee listening to

The CEOs of the 4 main US meatpackers have agreed to take part in an upcoming Home Agriculture Committee listening to on cattle markets.

Chairman David Scott says it is extremely vital to listen to the views of the CEOs of Cargill, Tyson Meals, JBS, and Nationwide Beef Packing to know the complete image of why costs have gone up for customers and down for farmers and ranchers. 

The listening to will happen the day after the Senate Ag Committee is ready to carry a listening to on the Cattle Market Value Discovery and Transparency Act from US Senator Deb Fischer (R-NE) and Senator Chuck Grassley (IA). Senator Grassley instructed reporters on Thursday he has some questions he’d just like the CEOs to reply throughout the Home Ag listening to.  “How come they don’t suppose our invoice is a legit reply to the issues that Iowans that don’t get a good value and so they typically have to attend 30-days to ship their cattle,” he says.

The Home Ag Chairman says it was time for the Agriculture Committee to deal with the problems and discover out if there are anti-competitive practices within the beef provide chain.

Along with the panel of CEOs, Scott says there might be a panel of ranchers sharing their perspective of what consolidation within the beef business has finished to their backside strains and viability.

The Home Ag Committee listening to is scheduled for April 27th and the Senate Ag Committee listening to is scheduled for April 26th.





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