Ag News

Secretary Perdue Calls For Investigation Into Cattle Markets

U.S. Ag Secretary Sonny Perdue has been monitoring the impact of a fire at the beef processing facility in Holcomb, Kansas.

As a part of that monitoring effort, Perdue says, “As part of our continued efforts to monitor the impact of the fire at the beef processing facility in Holcomb, Kan., I have directed USDA’s Packers and Stockyards Division to launch an investigation into recent beef pricing margins to determine if there is any evidence of price manipulation, collusion, restrictions of competition or other unfair practices. If any unfair practices are detected, we will take quick enforcement action. USDA remains in close communication with plant management and other stakeholders to understand the fire’s impact on the industry.

I have spent this summer visiting with cattle ranchers across the country, and I know this is a difficult time for the industry as a whole. USDA is committed to ensuring support is available to ranchers who work hard to feed the United States and the world.”

Several cattle groups were quick to applaud the Secretary for this move. 

National Cattlemen’s Beef Association President Jennifer Houston issued a statement in response to Secretary Perdue’s announcement.

“Today’s announcement by Secretary of Agriculture Sonny Perdue demonstrates the government’s understanding of the extreme strain placed on the cattle industry by the plant fire in Holcomb, Kansas.

“We encourage USDA to look at all aspects of the beef supply chain and to utilize internal and external expertise in this investigation. We believe it adds transparency that will help build confidence in the markets among cattlemen and women.”

This Article Originally Appeared on the Iowa Agribusiness Radio Network

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