OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Iowa's Independent Beef Producers

Floor Speech

Date: Feb. 7, 2022
Location: Washington, DC

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Mr. FEENSTRA. Mr. Speaker, I rise today in strong support of Iowa's independent beef producers amid the ongoing DOJ investigations into anticompetitive behavior by the Big Four Meat Packers.

On Wednesday, JBS Foods, the world's largest meat supplier, paid $52 million to sweep their price-fixing shenanigans under the rug. But they can't hide what we have known all along. These big meat packers are illegally distorting the market to increase their profits and at the expense on Iowa family farmers. It is shameful and it is wrong.

That is why we need to pass the Cattle Price Discovery and Transparency Act to finally hold big packers accountable and help Iowa's small, independent producers compete on a level playing field. That is what a free and fair market is all about. It is time that DOJ do its job and take real steps to hold Big Four Meat Packers accountable.

We have waited long enough.

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