News Desk

Ranchers File Antitrust Suit Against Beef Packers


R-CALF USA joined with four cattle-feeding ranchers in Iowa, Kansas, Nebraska, and Wyoming to file a class-action lawsuit against the largest US beef packers. The Big Four packers — Cargill, JBS, National Beef, and Tyson — are accused of conspiring to artificially lower prices. The suit alleges that in order to create a glut of fed cattle, the Big Four collectively reduced slaughter rates. The complaint further accuses the packers of other collusive tactics like coordinating their weekly cash market purchases and importing cattle from Canada and Mexico. The combined efforts of the Big Four, according to the suit, have depressed prices of fed cattle nearly 8 percent since January 2015, resulting in significant economic harm to ranchers across the country.
Click here to read more.

RELATED ARTICLES

News Desk

Court Approves Sale of West Texas Ranch at $1,007 Per Acre

Judge Mark Mullin of the US Bankruptcy Court …

Farmland

Sold! 770-Acres of Nebraska Farmland For $1.75 Million

Single Bigger Acquires Prime Waterfowl Tract Along North …

Print & Gift
Subscriptions Available
Please sign me up to receive breaking news and updates from The Land Report:
Copyright © Land Report LLC. All rights reserved.

Contact to Listing Owner

Captcha Code