Letter to the Editor - Our commodity markets are broken

During this crisis the American people instinctively knew what they needed: food.

News showed empty store shelves as politicians warned not to hoard and promised plenty of food.

If our market system were functioning, demand would increase the value of food and everyone would share in the profits. But the price the producer received plummeted while the consumer paid more. (National Cattlemen’s Beef Association) acknowledged in a letter to the Whitehouse, that domestic beef supply remains steady while retail demand and boxed beef prices are increasing, yet the panic has resulted in a fr...