Investigation into anticompetitive practices in the beef packing industry
This resolution directs the Federal Trade Commission to investigate whether large beef packing companies are engaging in practices that limit competition, potentially affecting beef prices for consumers and income for ranchers. The goal is to understand why ranchers receive a smaller share of the price we pay for beef, while large companies see record profits.
Key points
The Federal Trade Commission will investigate whether beef packing companies are manipulating prices or limiting competition.
The investigation will assess the impact of these practices on consumers, ranchers, workers, and small businesses.
The Commission will report its findings and recommendations for potential legal actions to Congress.
Expired
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