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Wednesday, May 19, 2021

Antitrust Push On Beef Packers

Lawmakers and attorneys general from several states are pushing the Department of Justice (DOJ) to continue their investigation the four largest meatpackers in the U.S. In a letter to Attorney General Merrick Garland, a bipartisan group of House and Senate members called on DOJ to continue the investigation of "improper and anticompetitive activities in the live cattle and beef industry" that was launched one year ago.

They cited a lack of information from the investigation, noting "there is no information to even suggest whether the investigation has concluded or is still ongoing."

They called for the continuation of the investigation and requested an update on the situation.

Cattle producers and small producers in particular are continuing to see difficult conditions, the lawmakers said. "It is critically important that producers have fair and transparent markets for the commodities they produce," the letter stated. "We urge the DOJ Antitrust Division to continue vigilance and where possible, provide updates of findings."