The fire at the Holcomb, Kansas packing plant, the JBS cyberattack and COVID-19 resulted in a historic spread between live animal prices and retail meat prices. National Farmers Union President Rob Larew testified before the Senate Judiciary Committee Wednesday, saying this is a matter of fairness. “These corporations are too big and when they fail or take advantage of their power, we all suffer; unbridled corporate power must be checked.” Tyson Foods Group Vice President Shane Miller also testified, emphasizing his company is committed to provide fair compensation to farmers and ranchers. The use of Alternative Marketing Arrangements was a frequent discussion point. “AMAs provide a mechanism for producers to realize premium prices for the investments made in superior genetics, herd health management and marketing,” said Tim Schellpeper, who leads the JBS USA Fed Beef Division. “They also help to ensure a consistent supply of high quality cattle for processing that results in a consistent supply of high quality beef options in the meatcase for consumers.”
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