WASHINGTON – The chairman and ranking member of the Senate Judiciary Committee, Sens. Chuck Grassley (R-IA) and Patrick Leahy (D-VT), as well as the chairman and ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, Sens. Mike Lee (R-UT) and Amy Klobuchar (D-MN), sent a letter today to Government Accountability Office Comptroller General Gene Dodaro calling for an investigation of the fed cattle market.
“Earlier this year, R-CALF USA informed the Senate Judiciary Committee of a sudden 15.1 percent drop in fed cattle prices during the latter half of 2015,” the letter reads. “[G]iven the unique and prominent role of the fed cattle market in U.S. agriculture and the economy generally, a robust analysis of the market forces associated with this price drop is warranted.”
A copy of the full letter can be found below.