Historic meeting between largest ag, cattle groups points to level of concern over markets
Faith Livestock AuctionRepresentatives at the closed-door meeting included the Livestock Marketing Association (LMA) that represents the nation s livestock auction markets.
STURGIS, SD – Decades of political infighting among the nation’s cattle organizations may be at turning a corner. If nothing else, the fact that representatives from these organizations sat across the same table, in the same room, to talk about the same concern, is nothing short of history-making.
Representatives from six of the largest ag and cattle industry groups met recently to discuss the price imbalance in the cattle supply chain. In the past, each of these organizations have responded to one market crisis after another (what the trade is now calling black swan events) with different proposals and policies – effectively fragmenting any message being brought before federal agencies and Congress.