Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   
   
   
   
   
   

Agricultural News


AFR/OFU Cooperative President Applauds USDA Investigation into Potential Beef Market Collusion

Fri, 30 Aug 2019 07:10:32 CDT

AFR/OFU Cooperative President Applauds USDA Investigation into Potential Beef Market Collusion

   

On Wednesday, U.S. Agriculture Secretary Sonny Perdue issued an investigation into the possible cattle and beef market collusion following the recent Tyson Foods slaughterhouse fire in Holcomb, Kansas.

Scott Blubaugh, AFR/OFU Cooperative President, said he applauds Secretary Perdue for stepping up and taking immediate action on behalf of both ranchers and consumers.

“Thank you Secretary Perdue for your quick response to the possible unfair market manipulations,” Blubaugh said.

Blubaugh said he is pleased the Secretary of Agriculture is using his authority within the Packers and Stockyards Act.

In 1917, President Woodrow Wilson ordered an investigation into the entire food system after public outcry from American farmers and the suspicion of market manipulation from the five largest meat packers during that time. As a result, the investigation confirmed the five packers were indeed manipulating the market and defrauding consumers and farmers, and the P&S Act was made into a law in 1921.

Today, 102 years after President Wilson called for the investigation, Blubaugh said four companies now control 84 percent of the beef market, making an unfair fight for cattle producers and consumers.

Blubaugh said he calls on President Trump to order a similar investigation into America’s food system and protect the American consumer from artificial high prices and protect farmers and ranchers from unfair low market prices.

“Ultimately, we need President Trump to be our hero and protect the consumers, farmers and ranchers in the Heartland of America,” Blubaugh said.

In addition to the P&S Act, AFR/OFU Cooperative supports measures such as the Food and Agribusiness Merger Moratorium and Antitrust Review Act, which limits agribusiness mergers, including meat packers, from further establishing an unfair marketplace.

After the Tyson fire, the combination of increased beef prices and lower live cattle prices improved profit margins for beef packers above $300 per head of cattle slaughtered, according to a press release by Drovers.

“These price margins are very discouraging for hardworking cattle ranchers,” Blubaugh said. “There are tough times right now in all of agriculture with the worldwide trade wars, and then to add perceived market collusion in the mix, it is more than ranchers can financially bare.”

Blubaugh said the AFR/OFU Cooperative will continue to fight for Oklahoma cattlemen and women against unfair markets.

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • OSU's Kim Anderson says South American Countries are Competing in the Export Markets  Thu, 14 Nov 2019 18:20:18 CST
  • Rouzer, Conaway: Invasive Species Put American Agriculture at Risk  Thu, 14 Nov 2019 17:37:52 CST
  • Brazil’s Implementation of Tariff Rate Quota for Wheat a Win for American Farmers  Thu, 14 Nov 2019 17:33:09 CST
  • USDA Extending Flexibility on Crop Insurance Premiums  Thu, 14 Nov 2019 17:29:33 CST
  • Thursday November 14, 2019 Market Wrapup with Justin Lewis  Thu, 14 Nov 2019 18:28:43
  • Clay Mathis with King Ranch Institute for Ranch Management Explains How to Find Profitability in Today's Cow Calf Operatons  Thu, 14 Nov 2019 16:54:20
  • China Lifts Poultry Ban on Imports from the US  Thu, 14 Nov 2019 16:58:40
  • Thursday Preopening Market Update with Dave Lanning  Thu, 14 Nov 2019 07:24:48 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.