Herrell Has Beef with Meatpacking Monopoly
WASHINGTON — Congresswoman Yvette Herrell (R-N.M.) joined more than two dozen of her colleagues on a letter calling on the Department of Justice to determine whether the control meatpackers have over the beef processing market violate antitrust laws and principles of fair competition.
"Families are paying more for beef at the grocery store while independent cattle producers are going broke," Herrell observed. "The stranglehold the meatpacking industry has over the market needs to be examined. Antitrust laws must be enforced or, if those laws are inadequate to create a fair marketplace, Congress must address this problem through new legislation."
As the bipartisan, bicameral letter notes, "four large meat packing companies control over 80% of the processing market in today’s economy and are seemingly able to control prices at their will, or even defy expectations of market fundamentals."
The full text of the letter to Attorney General Merrick Garland can be found HERE