USDA REPORTS NO WRONG DOING FROM THE PACKERS SURROUNDING HOLCOMB FIRE AND COVID-19 PANDEMIC

[HDRider]

"In its analysis of the effects of the fire and the pandemic, USDA found no wrong-doing and confirms the disruption in the beef markets was due to devastating and unprecedented events," said Meat Institute President and CEO, Julie Anna Potts. "It is difficult to see how the USDA's recommended legislative proposals would have changed the outcome of the fire or the pandemic.

"We will continue discussions with producer groups, Congress, and the Administration to ensure there is a fair and competitive market. It is especially critical in these uncertain times for producers and packers to work together."

As Dr. Stephen Koontz of the Department of Agricultural and Resource Economics at Colorado State stated "Record low livestock prices are also not a surprise. If packers cannot run at typical throughput levels – especially if supplies are abundant –then the marginal value of that last group of animals that is not-sold is close to zero."

https://www.westernagreporter.com/articles/usda-reports-no-wrong-doing/

The full report
http://www.themarketworks.org/sites/default/files/uploads/studies/CattleandBeefPriceMarginReportfinal.pdf

 

[TennesseeTuxedo]

Never let a good crisis go to waste.

 

[HDRider]

From the report: "The current pandemic has also created a resurgence in demand for services provided by these small and very small processors, and for consumers who are interested in buying their meat more directly from the farm and ranch where it was raised. We understand the addition of direct-to consumer options for beef producers, small processors, retailers, and others must be done in a way that does not compromise federal food safety standards... USDA is committed to working with stakeholders to balance food safety with these growing consumer preferences and growing e-commerce platforms."

 

[sim.-ang.king]

From the report: "The current pandemic has also created a resurgence in demand for services provided by these small and very small processors, and for consumers who are interested in buying their meat more directly from the farm and ranch where it was raised. We understand the addition of direct-to consumer options for beef producers, small processors, retailers, and others must be done in a way that does not compromise federal food safety standards... USDA is committed to working with stakeholders to balance food safety with these growing consumer preferences and growing e-commerce platforms."

To translate, "our master's tell us to make it as hard as possible for farmers to sell direct."

 

[76 Bar]

To translate, "our master's tell us to make it as hard as possible for farmers to sell direct."

Ain't that the truth. :frowns: :frowns: :frowns: :frowns:

 

[Dave]

You expected anything less? Look at the top end personal at USDA, the packers, and NCBA. They will all have two or even all three on their resume. It is revolving door between the three of them.

 

[HDRider]

My expectations could not be lower

 

[TennesseeTuxedo]

My expectations could not be lower

Chin up Sparky, there's always tomorrow.


Unless you catch Covid and die, or we somehow wind up with senile Joe in the White House.