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Justice Department Probes U.S. Beef Market Antitrust

Justice Department Probes U.S. Beef Market Antitrust

Published 3 weeks, 2 days ago
Description

Justice Department launches antitrust probe into U.S. cattle and beef markets, focusing on market dominance of four major processors, including Brazilian-owned companies. Acting Attorney General Todd Blanche encourages whistleblowers with potential rewards. Ranchers face challenges due to market squeeze and dwindling herd size, with officials citing anti-meat activism and foreign ownership as concerns. Government initiatives aim to rebuild herd and address supply issues. Probe ongoing with no charges announced yet.

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