Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   

Beef Buzz News


Cong. Lucas Says This Week's USDA Report on Boxed Beef And Fed Cattle Price Spread Investigation is The First of Multiple Investigations

Fri, 24 Jul 2020 09:01:55 CDT

Cong. Lucas Says This Week's USDA Report on Boxed Beef And Fed Cattle Price Spread Investigation is The First of Multiple Investigations The much-anticipated USDA report on boxed beef and fed cattle price spread investigation is just the first step in a series of multiple reports on the controversial market manipulation concerns. On Todayís Beef Buzz U.S. Rep. Frank Lucas (R-OK) talks with Radio Oklahoma Ag Network Farm Director Ron Hays about the USDA report.

This is the first of a multiple stage process, Lucas said.

This analysis studied how the market reacted to the Tyson plant fire in Kansas last August and the COVID-19 outbreak.

In addition, there are two more investigations ongoing, Lucas said.

The USDA is looking at whether the regulated entities violated the Packers and Stockyards Act, and the Department of Justice is investigating if any of the entities violated the Sherman Act or the Clayton Anti-Trust Act, both of which have been on the books for more than 100 years.

Lucas said itís important to keep in mind that this weekís report is not so much the conclusions offered but the long list of 14 ideas to make the market more efficient and responsive to the consumers.

Lucas teamed with U.S. Rep. Dusty Johnson (R-S.D.) on legislation to try and make it possible for people to better understand the futures market and better manage market risk.

Education is one piece of the puzzle, Lucas said.

USDA also recommended smaller contracts for more producers to utilize the resources.

Some are suggesting amending or rewriting the Packers and Stockyards Act.

We have to look at everything thatís on the table including how do foreign entities acquire control of major sections of the U.S. food industry, Lucas said.

The Oklahoma Congressman has filed a bill along with U.S. Rep. Collin Peterson (D-MN) that says food security should be just as important as national security.

This could prevent future problems, Lucas said.

Click on the LISTEN BAR below to hear more of Ronís interview with Cong. Frank Lucas.

The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for todayís show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.


   
   

Ron Hays Beef Buzzes Cong. Frank Lucas
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • OUS's Dr. Derrell Peel Prefers The Word "Stability" Instead of "Normal" When Referencing The Climb To Better Cattle Prices  Tue, 11 Aug 2020 08:12:20 CDT
  • NCBA's Danielle Beck Encourages Producers to Submit Comments on Dietary Guidelines Before Aug. 13 Deadline   Mon, 10 Aug 2020 08:48:20 CDT
  • Ag Exemption For ELD Rule Expires Sept. 30 And NCBA's Allison Rivera Explains How They Are Working To Extend Exemption  Fri, 07 Aug 2020 09:11:21 CDT
  • New 5-Year Long-Range Plan To Help Cattle Producers Unveiled at NCBA Summer Business Meeting  Thu, 06 Aug 2020 08:44:20 CDT
  • USDA Undersecretary Greg Ibach Continues Push For Animal Identification Program And Additonal USDA Regulatory Powers To Help Cattle Industry  Wed, 05 Aug 2020 11:45:23 CDT
  • TCFA's Ross Wilson Says More Robust Price Discovery Does Not Guarantee Higher Prices  Tue, 04 Aug 2020 09:19:31 CDT
  • TCFA's Ross Wilson Believes Voluntary Market Driven Approach To Increasing Live Cattle Trade Can Be Achieved By Year End  Mon, 03 Aug 2020 09:05:23 CDT
  • Cattle Producers Happy To Meet In Person During This Week's NCBA Summer Conference Says NCBA's Colin Woodall  Fri, 31 Jul 2020 09:09:20 CDT
  • Marathon Live Cattle Committee Meeting At NCBA Summer Conference Yields Compromise on Price Discovery Policy  Thu, 30 Jul 2020 09:42:28 CDT
  • United We Steak Beef Promotion Campaign Showing Good Results Says NCBA's Alisa Harrison  Wed, 29 Jul 2020 08:23:24 CDT
  • NCBA President Marty Smith Explains Key Issues Need Face-To-Face Discussion As That Group's Summer Meeting Gets Underway In Denver  Tue, 28 Jul 2020 09:38:24 CDT
  • Cong. Lucas Waiting For All Government Investigations to be Completed Before Saying Anything More About Increasing The Number of Packing Plants  Mon, 27 Jul 2020 09:05:14 CDT
  • Cong. Lucas Says This Week's USDA Report on Boxed Beef And Fed Cattle Price Spread Investigation is The First of Multiple Investigations  Fri, 24 Jul 2020 09:02:20 CDT
  • Uncertainty Surrounds July 24 Cattle on Feed And Cattle Inventory Reports  Fri, 24 Jul 2020 05:22:14 CDT
  • Expanded Genomics Will Have The Most Impact On Cattle Herd Improvements In The Next 20 Years Says Nebraska Rancher Bill Rishel  Wed, 22 Jul 2020 10:52:17 CDT
  • Boxed Beef, Beef Checkoff, CAB, Among The Key Paradigm Shifts That Have Advanced The Beef Industry Says Rancher Bill Rishel  Tue, 21 Jul 2020 08:58:21 CDT
  • Legendary Nebraska Angus Breeder Bill Rishel Uses The Past To Predict the Future  Mon, 20 Jul 2020 09:25:20 CDT
  • NCBA Working With Congress To Get Additonal COVID-19 Relief For Producers, Including Extending April 15 Marketing Deadline Into June  Fri, 17 Jul 2020 12:51:21 CDT
  • NCBA's Colin Woodall Tackles Trio of Issues Including Burger King's Latest Advertising Campaign  Thu, 16 Jul 2020 09:34:23 CDT
  • KSU's Dr. Glynn Tonsor Projects Feedlots To At Least Break Even, Maybe Turn a Small Profit By Early 2021.  Wed, 15 Jul 2020 08:44:30 CDT
  • As Boxed Beef Prices Have Dropped Significantly in Recent Months, Dr. Glynn Tonsor Says The Biggest Concern Now is on The Demand Side.  Tue, 14 Jul 2020 08:27:19 CDT
  • OSU's Derrell Peel Says Beef Demand Is A Complex Equation  Mon, 13 Jul 2020 09:19:22 CDT
  • Improving Efficiency Key To Sustainable Beef Production Says Dr. Clay Mathis, Director of King Ranch Institute For Ranch Management  Fri, 10 Jul 2020 08:52:20 CDT
  • Information Is Powerful And Valuable When It Comes To Pregnancy Checking Heifers And Cows  Thu, 09 Jul 2020 10:38:20 CDT
  • Beef Exports For May Down 33 Percent But USMEF President Optimistic Numbers Will Improve Later This Year  Wed, 08 Jul 2020 09:31:14 CDT
  • NCBA's Colin Woodall Expects Good Improvements For Cattle Industry In Coming Months  Tue, 07 Jul 2020 09:14:31 CDT
  • Cong. Lucas Introduces Legislation To Expand Federal Meat Inspection For Smaller Processing Plants  Mon, 06 Jul 2020 09:23:21 CDT
  • OSU's Dr. Derrel Peel says Producers Need to be Prepared for Drought  Thu, 02 Jul 2020 09:26:37 CDT
  • There is Plenty of Beef This Summer Says OSU Extension Livestock Economist Derrell Pell  Wed, 01 Jul 2020 08:28:23 CDT
  • NCBA's Alisa Harrison Explains New United We Steak Grilling Campaign Just In Time For The July 4th Holiday  Tue, 30 Jun 2020 09:44:24 CDT
  • NCBA's Scott Yager Tells Landowners To Enjoy New Trump WOTUS Rule Which Became Law June 22  Mon, 29 Jun 2020 09:32:21 CDT
  • NCBA's Alisa Harrison Says Beef Industry Has Vast Amount of Resources To Meet Consumers Changing Behaviors  Fri, 26 Jun 2020 09:02:11 CDT
  • Oklahoma Task Force Member John Pfeiffer Says They have Studied The Idea Of Opening New Meat Plants But Logistics Pose Major Challenge  Thu, 25 Jun 2020 15:59:11 CDT
  • Mulhall, Okla. Rancher John Pfeiffer Says Joint Task Force Studying Ways To Expand Meat Processing In Oklahoma  Wed, 24 Jun 2020 10:36:53 CDT
  • There Is Light At The End Of The Profitability Tunnel For Cattle Producers, Says OSU's Derrell Peel  Tue, 23 Jun 2020 10:21:37 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   2019  |   Jan 20  |   Feb 20  |   Mar 20  |   Apr 20  |   May 20  |   Jun 20  |   Jul 20  |   Aug 20  |   Sep 20  |   Oct 20  |   Nov 20  |   Dec 20
        

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.