(Bloomberg) — U.S. ranchers are looking forward to the results of an investigation into market manipulation as low livestock prices threaten their survival, an industry leader said.Farmers “are becoming unhinged” as livestock gluts — exacerbated by a wave of slaughterhouse disruptions — are coinciding with record-high wholesale beef prices, American Farm Bureau President Zippy Duvall said Friday.He spoke at a round-table that included Iowa Senators Joni Ernst and Chuck Grassley, Vice President Mike Pence and senior meatpacker executives. While the senators echoed calls to close the cattle-beef pricing gap, Pence congratulated meatpackers including Tyson Foods Inc. and Smithfield Foods Inc. …read more
Source:: Yahoo Finance
