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Iowa Senator Chuck Grassley introduced a bill that would stop packers from owning, feeding, or controlling livestock.
The Iowa Cattlemen's Association says they had policy on the books that opposed packer ownership of livestock, but its members let that expire in 2013. The Association moved toward expanding price discovery of cattle in the open market.
The Iowa Pork Producers Association says all producers of any size or type should have a right to market access. They appreciate Grassley's concern for producer profitability, mergers, and ag acquisitions but they think it's a separate issue from packer ownership. Adding the choice to contract hogs is an economic decision.
This is the third time, Grassley has tried to pass legislation stopping packers from controlling livestock.