An ag economist says he’s concerned the Grassley-Fischer compromise bill addressing competition in the cattle markets may lower cattle prices, not raise them. David Anderson is with Texas A&M University. “If you set a threshold that enforces more negotiated trade, that’s more costly to do,” he says. “What that means is lower cattle prices and higher prices to consumers.”
However, US Senator Chuck Grassley of Iowa, who co-sponsored the legislation, says the real issue is that big commercial feeder operations don’t want the bill.
