Meat and Livestock Price Spread Widens
The gap between the value of meat products and the prices producers receive for livestock triggered President Trump, as well as Nebraska Attorney General Doug Peterson and 11 other state Attorneys General, to request the U.S. Department of Justice to investigate potential market manipulation by meat processors this week. Their actions follow a similar request made by the Nebraska Farm Bureau. American Farm Bureau Economist Michael Nepveux shared more insight into the issue in a recent Market Intel update.
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