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SEC'Y NAIG CALLS ON DEPARTMENT OF JUSTICE TO EXPEDITE CATTLE MARKET INVESTIGATION
Jun. 1, 2021
Source: Iowa Department of Agriculture & Land Stewardship news release
Des Moines, IA - Iowa Secretary of Agriculture Mike Naig sent a letter to U.S. Attorney General Merrick Garland today requesting that the Department of Justice (DOJ) expedites its investigation into potential price disparities and anticompetitive practices in the live cattle market, including the disparity between live cattle prices and boxed beef prices.
"Iowa's hardworking livestock producers have waited for more than a year while the DOJ investigates the pricing disparities in the cattle market. Meanwhile, these cattle producers have watched their profits dwindle," said Secretary Naig. "It is imperative that the DOJ wraps up this investigation and releases its findings in a timely manner to provide much-needed transparency for Iowa cattle producers."
Read Secretary Naig's letter to Attorney General Garland here.
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