Iowa Senator Chuck Grassley continues to call for a Senate Ag Committee hearing on his bill, co-sponsored by Montana Senator Jon Tester, requiring beef packers to buy 50 percent of their total cattle purchases on the cash market.
Speaking Tuesday on the Senate floor, Grassley said the cattle market is “broken”.
“The fact is that, without a mandated amount of cash trade, independent producers become residual suppliers and then lack the leverage to fairly negotiate with packing companies,” Grassley said.
