The cattle industry continues to wait for the results of a Department of Justice investigation examining anticompetitive behavior among meatpackers.
House Ag Committee Chairman David Scott took the opportunity to question the heads of the four largest meatpacking companies during the Committee’s hearing on Wednesday. “Is there, or was there, ever an agreement between your four companies to cooperate together on issues impacting supply or pricing,” he asked.
And under oath, the CEOs of Tyson Foods, Cargill, National Beef, and JBS responded. “No. No. No. Not that I’m aware of.”
Ethan Lane with the National Cattlemen’s Beef Association says this is an issue that has spanned two administrations and the industry is still waiting for an answer.
