No Easy Solution On Fixing Cattle Markets

By Jacqui Fatka

Farm Progress

Beef producers and economists shared the witness table at an unprecedented Senate Agriculture Committee hearing on June 23  -“Examining Markets, Transparency, and Prices from Cattle Producer to Consumer” - to allow senators to hear first-hand more about the many challenges facing the beef sector.

The hearing started off with a stark message from South Dakota auctioneer and cow-calf producer Justin Tupper that many cattle producers are receiving less than a 1% return, while the gross profit margin for packers are over 80%.

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