deepclips.com® We dig deep so you don't have to!™

  • Bipartisan pair of senators want antitrust investigation into meatpackers amid plant closures

    Bipartisan pair of senators want antitrust investigation into meatpackers amid plant closures

    Sens. Josh Hawley, a Missouri Republican, and Tammy Baldwin, a Wisconsin Democrat, called upon the Federal Trade Commission to launch an antitrust investigation into the meatpacking industry. The Wednesday letter by the farm-state senators was sent after President Trump's executive order declaring, under the Defense Production Act, that meat processing plants were part of the critical infrastructure of the United States.

    H/T: Washington Examiner

    “The FTC has the power to shed light on these growing competition and security problems in our food supply," Sens. Hawley and Baldwin wrote. "The Commission should ask probing questions about major meatpacking firms’ conduct, pricing, and contracting, as well as how their commitments to overseas interests impact the U.S. market and national security. Moreover, because a competitive food industry is so critical to the public interest, you should make the findings of any investigation public.”

    "Between 1980 and 2009, the price a rancher was able to obtain per pound of beef declined from $1.97 to 93 cents (adjusted for inflation)," they said. "Likewise, between 1999 and 2008, real consumer prices for ground beef increased by 24 percent (adjusted for inflation), from a monthly average price of $1.89 a pound in 1999 to $2.34 a pound in 2008."

    Read the full letter below.

Search

Latest Clips

More Swamp

© 2019 DeepClips.com ALL RIGHTS RESERVED — Contact