Grassley calls for investigation of cattle market volatility
Iowa Senator Chuck Grassley wants the USDA and Department of Justice to investigate recent volatility in the cattle markets, to see if beef packers have “illegally manipulated” the markets during the COVID-19 pandemic.
“It’s very shameful if the big four packing companies are using this national crisis to gouge the farmer,” Grassley says. “I’m going to write to Attorney General Barr and Secretary of Agriculture Perdue, asking them to address this issue immediately, if there’s anything they find wrong.”
Grassley says it’s hard to understand why cattle prices are going down when beef is “flying off grocery shelves”.
AUDIO: Excerpt from Grassley’s conference call with ag reporters