USDA steps up cattle market efforts
The U.S. Department of Agriculture (USDA) is stepping up efforts to bring more competition, fairness and transparency to livestock markets, Agriculture Secretary Tom Vilsack said last week in a White House press conference with National Economic Council Director Brian Deese.
Farmers have been squeezed as livestock markets become more concentrated, said Vilsack. The four large meat-packing companies control over 80% of the beef market, and they are seeing record or near-record profits in the first half of this year, Deese pointed out.
“Goal number one is to make...
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