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Tag: beef market

Trump Administration Rigs Market For Big Beef Packers

Reprinted with permission from DCReport

Trump's Agriculture Department is turning our nation's cattle ranchers and feedlot operators into modern-day sharecroppers as beef prices soar during the pandemic.

Sen. Deb Fischer (R-NE) asked the Senate Judiciary Antitrust subcommittee to hold a hearing on claims of price manipulation and collusion in the beef meatpacking industry. Fischer pointed to the spike in the index of prices for butchered beef compared with the 30 percent drop in cattle futures after Jan. 24, when the country's first coronavirus case was reported.

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