NDSA Opposed to Any Market-Altering Policies

Cattle futures plummeted in reaction to President Trump’s comments on consumer beef prices. “While I don’t know the specifics of what the President has in mind and what it all means, the remarks were concerning,” said Julie Ellingson, executive vice president, North Dakota Stockmen’s Association. “Trump said an announcement would be made soon to address the cost of beef. North Dakota Stockmen’s Association Executive Vice President Julie Ellingson. “We’ve been steadfast against any market-altering type of policies. We really believe that consumers, not the government, should be those that set the market.”  Just like other foods, supermarket prices for beef have risen. Yet, there is unprecedented demand for beef. “The U.S. consumer works 14 minutes on average to buy a pound of beef; that number has really held steady for decades.” RaboResearch has found that the number of minutes is below the peak levels that date back to the 1980s; beef prices have not risen any faster than the improvement in overall hourly wages.”