"We are pleased to hear of and support the USDA investigation in
the the live cattle and boxed beef markets following the fire in the
Holcomb, KS beef plant. We're hopeful this investigation will bring some
clarity to the market reactions that happened
in the days after the fire." MSCA President Mike Landuyt
"The timing of the fire could not have come at a worse time of the year, as the month of August represents an annual peak of cattle slaughter inventories. We're encouraged that the investigation will be focused around the fire and how the market has responded since the fire." MSCA Feedlot Chairmen Joe Wagner
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(Washington, D.C. August 28, 2019) – U.S. Secretary of Agriculture Sonny Perdue issued the following statement regarding the beef processing facility in Holcomb, Kan.: “As part of our continued efforts to monitor the impact of the fire at the beef processing facility in Holcomb, Kan., I have directed USDA’s Packers and Stockyards Division to launch an investigation into recent beef pricing margins to determine if there is any evidence of price manipulation, collusion, restrictions of competition or other unfair practices. If any unfair practices are detected, we will take quick enforcement action. USDA remains in close communication with plant management and other stakeholders to understand the fire’s impact to industry. I have spent this summer visiting with cattle ranchers across the country, and I know this is a difficult time for the industry as a whole. USDA is committed to ensuring support is available to ranchers who work hard to the feed the United States and the world. USDA press releases Secretary Perdue statement beef processing facility Holcomb, Kansas
Secretary Perdue Statement on Beef Processing Facility in Holcomb, Kansas
Posted: August 28, 2019
