The issue of cattle prices and packer margins came up during
a recent Senate Ag Committee hearing.
Nebraska Senator Deb Fischer says widening packer margins
are worrisome. “I’m looking at last week’s
close,” she says. “Fed cattle,
down. Feeder cattle, down. Wholesale prices, up. So I just want to be clear on this – who is
being hurt right now?”
Tennessee cattle producer Jennifer Houston, president of the National Cattlemen’s Beef Association, says the current situation isn’t great – but it could be worse.
