GAO report determines no market manipulation

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GAO report determines no market manipulation

A Government Accountability Office report says cattle price fluctuations in recent years were caused by normal supply and demand factors, not manipulation.  The report was requested by Senator Charles Grassley (R-Iowa) when cattle feeders expressed concern about a 15 percent cattle price drop in late 2015.  Grassley says the report indicates that packer concentration did not influence prices to a great extent, although it found areas with limited packer options had cattle nine percent lower than areas with more competition.

Continue reading GAO report determines no market manipulation at Brownfield Ag News.

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