White House Calls Out Meat Packer Profits
National Economic Council Director Brian Deese on Friday suggested that recent financial statements from America’s large meat processors show the companies used their market power to drive up meat prices and underpay farmers, tripling their own net profit margins since the start of the pandemic.
In an analysis published on the White House website, Deese said meat price are the biggest contributor to the rising cost of groceries, in part because just a few large corporations dominate meat processing. The November Consumer Price Index data demonstrates, Deese claims, that meat prices are still the single largest contributor to the rising cost of food people consume at home. Beef, pork, and poultry price increases make up a quarter of the overall increase in food-at-home prices last month.
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Cattle Producers of Louisiana's "Cow Country Reporter" -- December 2021
The December 2021 issue of the “Cow Country Reporter” from Cattle Producers of Louisiana is now available online.
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House, Senate Deliver Cattle Market Compromise
On Wednesday, U.S. Senators Deb Fischer (R-Neb.), Chuck Grassley (R-Iowa), Jon Tester (D-Mont.), and Ron Wyden (D-Ore.) introduced the Cattle Price Discovery and Transparency Act to the Senate, while Iowa Representatives Cindy Axne (D-IA) and Randy Feenstra (R-IA)—both members of the House Agriculture Committee—introduced identical legislation to the House of Representatives.
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Livestock Producers Should Prepare Now for Antibiotic Changes
While 2023 might seem a long way off, it’s not too early for livestock producers think about how recent Food and Drug Administration guidance might affect their operations, according to University of Missouri Extension veterinarian Craig Payne.
On June 11, the FDA’s Center for Veterinary Medicine published Guidance for Industry No. 263(GFI #263) in the Federal Register. The document outlines a strategy and timeline for bringing all medically important antibiotics that are currently available over the counter under veterinary oversight. This will affect several antibiotics familiar to livestock producers.
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Cattle Producers of Louisiana's "Cow Country Reporter" -- November 2021
The November 2021 issue of the “Cow Country Reporter” from Cattle Producers of Louisiana is now available online.
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