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Senator Grassley testifies for mandatory price reporting

Iowa Senator Chuck Grassley says meat producers still need more market transparency.  He says, “The reauthorization of the Mandatory Price Reporting is the vehicle available where we can add additional price transparency and price discovery measures, and that’s what I’m advocating.”

Grassley testified before the House Ag Committee Thursday, saying producers rely on the market information provided by mandatory price reporting to run their businesses. “Over the past 18 months, we’ve seen massive price discrepancies between fed cattle and boxed beef. This is pushing cattle producers and feeders to the brink of having to sell their operations.”

Grassley told the committee he’s not upset about paying more for meat, he’s upset because farmers are not making a profit and it’s time for Congress to act.

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