White House Briefing Mirrors Nebraska Cattlemen Action
Nebraska Cattlemen (NC) has long prioritized and taken aggressive action on items highlighted during a September 8th White House press briefing.
During the briefing, the National Economic Council (NEC), in cooperation with USDA, released a study examining the increase in concentration of the meat and poultry processing sectors. Secretary Vilsack and NEC Director Brian Deese further elaborated on the study, reemphasizing the attention to the lack of competition in the meat and poultry processing sectors that the Administration highlighted in Council Bluffs, IA on July 9th. Action items discussed in the press briefing focused on strengthening enforcement of the Packers and Stockyards act, improving price discovery and transparency in the fed cattle market, completing a top-to-bottom review of “Product of the USA” labels, and expand beef processing capacity.
“Nebraska Cattlemen has led the way and taken action to achieve the goals of lowering the risk position of our members”, William Rhea III, Nebraska Cattlemen, President “Expanding processing capacity and bringing more price transparency to the live cattle market will continue to be a key priority to achieve this goal.”
Nebraska Cattlemen continues to actively work with Nebraska’s congressional delegation on price discovery and market transparency through Senator Fischer’s Cattle Market Transparency Act. Nebraska Cattlemen also led in asking the Department of Justice (DOJ) to begin an investigation of alleged antitrust activity in the beef packing industry, and NC continues to bring state and federal agencies to the table to provide funding, low-cost capital, and technical assistance to small, medium, and independent processing plants.