The North American Meat Institute says a new report finds that government intervention in the cattle industry will cost livestock producers billions of dollars.
NAMI says one key finding in the 180-page study shows that mandated minimum negotiated cash trade would have a one-year, negative impact of $2.5 billion and $16 billion over a decade.
The report called “The U.S. Beef Supply Chain: Issues and Challenges,” is the result of a collaboration with Texas A&M’s Agricultural and Food Policy Center, national experts and the U.S.