Senate Announces Hearing on State of Livestock IndustryMon, 16 May 2016 16:23:49 CDT
The U.S. Senate Committee on Agriculture, Nutrition, & Forestry recently announced it will convene a hearing on the state of the U.S. livestock industry. “A Review of the U.S. Livestock and Poultry Sectors: Marketplace Opportunities and Challenges” will be heard on Thursday, May 26th at 10:00 a.m. in the Hart Senate Office Building.
USCA sent a letter May 11 to Senate Agriculture Committee Chairman Pat Roberts and Ranking Member Debbie Stabenow requesting a hearing be convened to investigate the current state of the market. The letter outlined multiple contributing factors to the collapse of the livestock market in the latter half of 2015, leading up to its current volatility today. Included in the letter and requested items of review: algorithmic and anti-competitive buying practices, consumer confusion, ongoing block of funding for a final GIPSA rule, and additional industry-specific concerns.
Following the hearing announcement, USCA President Danni Beer stated, “The countryside called on Congress, and Congress answered. USCA looks forward to working with Chairman Roberts, Ranking Member Stabenow and Committee staff in preparation for the hearing.”
“As we identify and address the multiple issues contributing to today’s market volatility, USCA is confident that concrete solutions can be reached to once again achieve and maintain market stability.”
For more information on the hearing, please click here.
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