The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS, and National Beef Packing testified before the U.S. House Agriculture Committee. Chairman David Scott said it’s an examination of price discrepancies, transparency, and alleged unfair practices, including allegations the four corporations colluded to drive up beef prices.
The cattle industry offers some additional perspective on this week’s hearings.
Tanner Beymer with NCBA spoke with RFD-TV’s own Janet Adkison on the main highlights, their message to Congress, and what to expect moving forward.
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Firing Back at Packers: Meatpacking industry under the microscope of House Ag Committee
Producers and packers are not in the same business
Rabobank weighs in on the beef price surge