AGs From 20 States
Urge Price Reports
HELENA, Mont. (AP) Montana Attorney
General Joe Mazurek has joined attorneys general from 19
other states in urging Congress to require meatpackers to
make public information about the prices they are paying
for livestock.
"Addressing the problems caused by
anti-competitive practices and failure to disclose market
information is one of the changes we need to make,"
to maintain a sustainable farm or rural economy in
Montana, Mazurek said in a press release.
The state officials support congressional approval of
a program that would allow livestock producers to compare
the prices and terms offered by packers on both cash
sales and forward contracts.
They noted that four beef packing companies account
for more than 87 percent of all cattle slaughter and five
pork packers slaughter 60 percent of hogs.
In a letter to representatives and senators working on
a final version of the fiscal year 1999 agriculture
appropriations bill, the 20 attorneys general called for
a three-year pilot program requiring packers to report to
the U.S. Secretary of Agriculture information on prices
and terms of all sales.
"Unfortunately, accurate price discovery is
increasingly difficult in livestock markets," the
letter said.
The attorneys general said they were concerned about
"anti-competitive practices and behaviors."
The letter, delivered last week, was signed by
attorneys general from Arizona, Arkansas, Idaho, Iowa,
Louisiana, Massachusetts, Minnesota, Mississippi,
Missouri, Montana, Nevada, North Dakota, Oklahoma,
Pennsylvania, South Dakota, Utah, Vermont, Washington,
West Virginia and Wisconsin.
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