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SENATORS HEAR OPPOSING VIEWS ON MEAT PRICE INCREASE

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TWO IOWANS SPOKE AT A U.S. SENATE HEARING ON CATTLE MARKETS THIS WEEK.
JON SCHABEN (SHAY-BIN), THE OWNER OF THE DUNLAP LIVESTOCK AUCTION, SAYS SOMETHING NEEDS TO BE DONE TO HELP INDEPENDENT PRODUCERS.

HE SAYS THE MONEY THOSE PRODUCERS RECEIVE HAS DECLINED DRAMATICALLY.

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HE SAYS THE LARGE MEATPACKERS CONTROLLING THE INDUSTRY IS A CONCERN.

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SHANE MILLER OF SIOUX CITY IS THE GROUP PRESIDENT OF FRESH MEATS AT TYSON FOODS. HE HAD A DIFFERENT VIEW OF WHAT IS GOING ON WITH BEEF PRICES.

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HE SAYS THE SHUTDOWN OF PLANTS CAUSED BY THE PANDEMIC MADE THE SITUATION WORSE.

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MILLER SAYS TYSON PROVIDES SEVERAL OPTIONS TO PRODUCERS. WHETHER THAT BE NEGOTIATED CASH MARKET, FORWARD CONTRACTING, OR TAILORED ALTERNATIVE MARKETING AGREEMENTS — KNOWN AS A-M-A’S,

IOWA SENATOR CHUCK GRASSLEY IS ON THE JUDICIARY COMMITTEE AND SAYS HE HAD STRONG RESERVATIONS ABOUT CONSOLIDATION WITHIN AGRICULTURE AND THE LIVESTOCK INDUSTRY FOR MORE THAN 20 YEARS.