On the recordJune 16, 2022
During the recent packer hearing, Chairman Scott mentioned that he used a chart compiled of what really was cherry-picked data with zero context to accuse all four of the major beef packing CEOs of price- fixing and collusion. The packing executives explained the multitudes of supply and demand dynamics supporting the data, including the cyclical ebbs and flows of cattle production. Each of them denied the chairman's accusation under oath. Despite their denial, this week at the Rules Committee, the chairman accused the packers of lying under oath. According to the chairman, a price-fixing scheme is the only plausible explanation for increased meat prices. It is no wonder I have serious doubts about this administration's ability to objectively carry out these new authorities. I agree with the chairman, who is a dear friend. We work well together on well over 99 percent of everything that we engage on, just not this particular poison pill today. USDA is the right place to be the cop on the beat for this. In fact, they already are. USDA already has an entire Packers and Stockyards Division charged with enforcing the Packers and Stockyard Act that has been in place since the 1930s. Based on the latest available data, they have filed and closed almost 1,900 cases just in 2020 alone.…
Source
govinfo.gov




