North Dakota Senator John Hoeven stressed the need for fairness in the cattle market while speaking to the Independent Beef Association of North Dakota annual meeting. “We have way too much concentration in the packer industry and everybody knows it,” said Hoeven. “Clearly, we’ve got to have more competition, more pricing transparency and more options for our producers to sell their animals.” In addition to legislative changes, Hoeven said USDA needs to do more to improve transparency in the cattle market.
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