House Ag Chairman Collin Peterson, D-Minn., and Ranking Member Mike Conaway, R-Texas, have asked USDA to analyze cattle and beef supply chains, working with university policy research centers to analyze issues related to the cattle industry, especially amid stress related to COVID-19.
The lawmakers want USDA's Office of the Chief Economist to evaluate cattle market structure, price discovery, price reporting, purchasing mandates, and barriers to entry in the packing sector.
They also want the exam to involve experts outside USDA and say want the check to go beyond the issues that USDA has already been investigating relative to cattle market action in the wake of a fire at a beef plant in Kansas and the COVID-19 situation.
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