Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Click here for information
What's Going On
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...
USDA to expand beef price fixing investigation
By Matt Smith/Michelle Bowling
Washington, D.C. - A day after Congressman Comer sent a letter to the U.S. Department of Agriculture calling for relief for cattle farmers affected by the COVID-19 pandemic, the agency has announced plans to expand an existing investigation into beef price fixing to include the negative effects of the coronavirus on cattle prices.
Following a 2019 fire at a beef processing facility in Holcomb, Kansas, USDA announced an investigation into beef pricing margins to review potential evidence of price manipulation, collusion or restrictions on competition. As of late, retailers and meat packers had seen increased profits, while farmers have seen a decrease in the value of their cattle. This issue has been exacerbated due to COVID-19, as cattle prices continue to decline even at a time of strong retail demand for beef.
"Given the current market volatility caused by COVID-19, it is critical that our leaders examine any potential market manipulation hurting our farmers and then provide appropriate relief," Congressman Comer said. "I applaud USDA and Secretary Perdue for looking into this issue, which is very serious based on conversations I've had with Kentucky cattle farmers. We must ensure that cattle farmers share in increased demand brought about by their own hard work to keep the grocery shelves stocked, especially during this uncertain time for our economy."
This story was posted on 2020-04-08 18:55:36
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.
More articles from topic Politics:
Comer asks USDA to expedite relief for KY cattle producers
Sen. Max Wise's Legislative Update - April 4, 2020
General Assembly approves one-year state budget
Commentary: Kentuckians must be Watchmen at the Wall
Governor signed 35 bills last week
Commentary: Tough Times Call for Working Together
House approves $2T aid package over objections from Massie
KY House approves COVID-19 economic relief
Direct shipment of alcohol bill heading to governor
Comer: Older Americans Act reauthorized
View even more articles in topic Politics
Bank of Columbia
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.