Meat Institute: Economists and Experts Pan Schumer Bill

Meat and Poultry Industry experts and economists universally pan U.S. Senator Chuck Schumer’s (D-NY) bill, the so-called “Family Grocery and Farmer Relief Act”:

Hyrum Egbert: You can’t legislate the cattle cycle

Beef supply chain economic expert Hyrum Egbert says, “This bill is being marketed as consumer relief and rancher fairness. But the assumptions underneath it, about how prices form, how retail behaves, and what happens when you force structural breakups in a capital-intensive chain, don’t line up with the actual mechanics...

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