I worked on this proposition, of course, last week. Our purpose, and our goal, is to try to make the marketplace more responsive. Our cattlemen take their cattle into a marketplace, into an auction market, hopefully, to sell at the best price available. Yet we believe sometimes because packers can have their own cattle and their own feedlots prior to the time of the market, it affects that market, and they can adjust it. We only now have about three packers that have 80 percent of the control over this market. This is one of the areas that we believe ought to be remedied. We have it in the package now, and I certainly support Senator Grassley's amendment. I urge our Members to support it.
David Thomas: “I worked on this proposition, of course, last week. Our purpose, and our goal, is to try to make the marketplace more…”
Editor's note · Context
Discussing the need for market responsiveness in the cattle industry and supporting an amendment by Senator Grassley.
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