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December 23, 2020

LMA Applauds Congress for Passing Livestock Dealer Statutory Trust, Ensuring Payment Protection for Livestock Sellers

The Livestock Marketing Association (LMA) applauds Congress for passing Dealer Statutory Trust in the COVID relief package. A Dealer Statutory Trust will provide sellers of livestock much needed payment protection during dealer payment defaults.  

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August 27, 2020

Larry Schnell Installed as LMA President for 2020-2022 Term

Larry Schnell of Stockmen’s Livestock Exchange in Dickinson, North Dakota, was installed president of the Livestock Marketing Association (LMA) at the 2020 Annual LMA Membership Meeting, held virtually on Sunday, August 23. Schnell will complete a two-year term leading the nation’s largest, livestock marketing association that represents more than 800 local livestock auction markets and allied businesses.

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May 15, 2020

House COVID Bill Provides Key Livestock-Industry Support

The Livestock Marketing Association (LMA) supports livestock provisions included in the House HEROS Act, particularly a Dealer Statutory Trust to improve recovery in payment defaults and additional funds for producer payments to compensate cattle price losses.

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May 2, 2020

Opinion: LMA to Focus on Pricing Investigations

To say times are tough in cattle country would be an understatement. Livestock Marketing Association (LMA) member livestock auction owners and their producer customers are speaking up with significant concerns about volatility, the futures market, and especially, livestock producers not getting their fair share of the beef dollar. While COVID-19 and the Holcomb, Kan. packing plant fire last August are bringing these issues further to the forefront, they are illustrations of long-standing concerns regarding pricing and competition.

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April 14, 2020

LMA Encourages Investigation of Beef Packers

The Livestock Marketing Association (LMA) is encouraged to see Secretary Sonny Perdue’s announcement that the U.S. Department of Agriculture (USDA) will be extending its oversight to determine the causes of divergence between boxed and live beef prices, beginning with the Holcomb, Kansas beef processing plant fire and now incorporating the COVID-19 pandemic.

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