“Livestock producers knew that these arrangements were not allowing them to get a fair market price for livestock going to slaughter, so they called for livestock mandatory reporting also known as LMR.”
“So you see, many of the same hurdles that we went through in ‘98, are the hurdles we are facing now with making needed cattle market reforms. The same high-powered and well-connected lobbyists who worked for the Big Four meat processors are still the same high-powered and well-connected lobbyists who are lobbying against the market reforms of today. Those reforms are being proposed by a bipartisan group of senators and will soon be introduced. But I’ve got news for you, the special interests of the meat packers don’t have a vote in the United States Senate.
“Last week Senators Fischer, Tester, Wyden and I announced a framework to increase price discovery and transparency in the cattle market.
“You’ll never guess who once again is fighting this commonsense legislation. The very same group that I referred to as AMI, the American Meat Institute, now called the North American Meat Institute, that in the 1990’s was against livestock mandatory reporting legislation has come out against the independent cattle producers again today.
“See, these powerful corporations are against any reform that would give independent producers more leverage in negotiating a fair price for their cattle.”
The same high-powered and well-connected lobbyists who worked for the Big Four meat processors are the same as those who are lobbying against the market reforms of today.
We still have time this year to make real market reforms that will help independent producers stay in the cattle business. I urge my colleagues to support the Cattle Price Discovery and Transparency Act and support independent cattle producers.