Search: beef packers
3 Results
Cattle Prices High, Margins Tight — Packers Hit with Class-Action Suit
Line on Agriculture
Cattle prices are strong but rising input costs and inflation are squeezing producer margins, while a federal judge has certified a class-action alleging major packers manipulated markets (2015–2020) by slowing slaughter and coordinating purchases to depress prices.
DOJ Seeks Public Tips in Beef Packer Antitrust Probe
Line on Agriculture
The Department of Justice is investigating potential antitrust violations, including price-fixing and volume control among beef packers. The DOJ has reviewed over 3 million documents and interviewed thousands of industry participants. They are calling for public assistance to gather more information to aid their investigation and potentially restore competitive market forces, which have been suppressed by monopolistic practices, leading to the decline of the cattle industry.
Steady On-Feed, Higher Cash, and Elevated Beef
California Ag Today
What is going on with cattle supplies? Recent reports show steady on-feed numbers even as cash cattle prices move up. And when will consumers start pulling back?