THEE Hot Barn Report!
Heard ONLY on American radio stations across the nation and online at hotbarnreport.com!
Monte James catches up with R-CalfUSA CEO Bill Bullard on today’s Hot Barn Report.
Record prices at the supermarket but NOT record prices for producers
R-CalfUSA CEO Bill Bullard says, “Two new economic studies have revealed that alternative marketing arrangements are the tools that the packers are using to drive cattle prices down and beef prices up.”
Bill continues, “Another study says that the 4 packers have learned how to coordinate between their plants; schedule input supplies and their output to exercise market power in conjunction with alternative marketing arrangements to depress the prices paid to cattle producers while inflating beef prices at the grocery store.”
USDA data shows America has lost 1000 feed lots between 2020-2021 a 4% loss, applying that to cattle producers, that would mean we have lost 30,000 cattle producers in one year.
Bill urges you to call your member of congress and tell them to vote NO on the competition provisions within the Cattle Price Discovery and Transparency Act. Bill says, “it’s simply too little too late, it will not address the serious loss of competition in our cattle industry. What we need is the 50-14 bill that forces the packers to compete in the marketplace.”
To learn more and contact R-CalfUSA visit www.r-calfusa.com
Call the capital switchboard 202-224-3121 and talk to your Senators and Representatives
🔥Platte Livestock Market feeders on WEDNESDAY
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🔥Fat cattle on TUESDAY and feeders WEDNESDAY at Stockmen’s Livestock
🔥Pairs and feeders WEDNESDAY at Lemmon Livestock
🔥Bred cows, pairs and feeders THURSDAY at Mobridge Livestock
🔥Sellman Ranch Annual Production Bull Sale FRIDAY at Crawford Livestock Market
🔥Buy ’em up online at CattleUSA.com
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