The Senate Judiciary Committee is asking the Government Accountability Office to investigate the 2015 cattle price collapse. The move comes in response to a request from R-CALF USA to have the government look into the sudden price drop. The letter to the GAO requests that it investigate the cause of the sudden 15.1 percent drop in fed cattle prices in the second half of that year. R-CALF CEO Bill Bullard says he’s happy the Senate Judiciary Committee agrees with the evidence they provided on the dysfunctional nature of our fed cattle markets warrants an investigation into the structure of the industry. It also warrants investigating the susceptibility of our industry to anti-competitive practices.
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