Texas AG Launches Sweeping Meat Industry Inquiry
· Texas Border Business
Texas Attorney General Ken Paxton has initiated an investigation into the beef industry, focusing on possible anticompetitive practices among major meatpackers. This effort is in collaboration with the Department of Justice, which is also conducting an antitrust inquiry to safeguard the beef supply chain. The investigation targets four dominant companies—JBS S.A., Tyson Fresh Meats, Cargill, and National Beef Packing—that control over 85% of the market. Reports suggest these firms may have lowered payments to cattle ranchers while increasing consumer prices. Paxton emphasizes the need for fair pricing for both ranchers and consumers, urging anyone with information on violations to reach out to his office.
AI summary · Source: Texas Border Business →
