WASHINGTON, D.C. (NAFB) – Earlier this week 28 members of Congress joined a letter authored by Senators Mike Rounds (R-SD) and Tina Smith (D-MN) calling for reform of policies impacting U.S. cattle and beef markets.
R-CALF-USA says 16 Senators and 12 Representatives from both the Republican and Democratic parties, along with an independent, co-signed the letter, calling on U.S. Attorney General Merrick Garland to take action to protect the nation’s cattle farmers and ranchers from going broke due to inexplicably low cattle prices. The congressional signers represent 23 states are also asking Garland to protect American consumers from paying over-inflated prices for beef at their local grocery store.
R-CALF USA President Gerald Schreiber says, “We are grateful to the 28 congressional signers on the Rounds/Smith letter who have identified the key factors hindering cattle farmers and ranchers’ ability to continue providing American consumers with an abundant, safe, and affordable supply of beef.”
The letter raises concerns that U.S. antitrust laws are either not being properly enforced or they are “not capable of addressing the apparent oligopoly that so plainly exists in cattle and beef markets.”