TBA Law Blog


Posted by: Stacey Shrader Joslin on May 6, 2020

The attorneys general for 11 Midwestern states are urging the U.S. Justice Department to pursue a federal investigation into market concentration and potential price fixing by meatpackers in the cattle industry during the COVID-19 pandemic. In a letter to U.S. Attorney General William Barr yesterday, the attorneys general noted that the domestic beef processing market is highly concentrated, with the four largest beef processors controlling 80% of the industry. The group alleges that the meatpacking industry is posting record profits, while ranchers are suffering significant market price losses. WMC News 5 has more from the Associated Press.