Wednesday, May 3, 2017

Big beef packers face probe

The biggest beef packers in the United States are facing a probe by New Mexico’s attorney general Hector Balderas who says they engage in “unfair and anticompetitive practices”.

He has accused Cargill, JBS USA, Tyson Foods Inc, and National Beef Packing Co., plus others.

He says the way they do business hurts his state’s 7,000 cattle farms.

Meatingplace Magazine says it’s believed to be the first state probe of its kind.

Balderas said the beef-packing companies are “reaping record profits” at the expense of local residents who are seeing their paychecks shrink and meat prices rise.