Political Quotes

Joseph T. Burns: “The amendment allows the head of the stockyards division to look into a way to set up mandatory price reporting. Right…”

On the recordJuly 15, 1998
The amendment allows the head of the stockyards division to look into a way to set up mandatory price reporting. Right now, we only have one segment of the chain in the cattle market that is doing any price discovery at all; that is at the auction market. When cattle changes hands in feedlots and packing houses, these prices are not reported, or they go unreported for a week. We cannot make marketing decisions if you are producing replacement cattle while doing business like that. I suggest the adoption of this amendment.
Said by
Joseph T. Burns
Ohio
Source
govinfo.gov

Editor's note · Context

Discussing an amendment for mandatory price reporting in the cattle market.

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