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Congress' look into cattle market manipulation


Congress’ look into cattle market manipulation
Kristin Kasper
© Provided by Richmond-Petersburg WWBT
Tyson Foods, Cargill, National Beef Packing Company and JBS-SA are often associated with The Big Four, a group of meat packers who are said to control from 70% to upwards of 80% and more of the meat processing industry.
WASHINGTON (Gray DC) - Congress is taking a closer look at alleged market manipulation in the packing industry. The Senate Agriculture Committee hosted a hearing to examine markets, transparency, and prices from cattle producers to consumers Wednesday.
South Dakota cattle producer and United States Cattlemen’s Association Vice President Justin Tupper, who was asked to testify, says something isn’t adding up in the cattle market supply chain. ....

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