Twenty-three state cattle groups
are urging the Department of Justice to investigate the extreme market shifts
negatively affecting beef pricing margins.
Their letter sent Friday to Attorney General William Barr says the Holcomb, Kansas packing plant fire last summer and the COVID-19 pandemic have caused “extreme market degradation to the producer segment” followed quickly by “sharp increases and unseasonal profitability to the packing segment” through boxed beef prices.
The cattle groups tell Barr they
understand there is a pending USDA investigation but they believe the Justice
Department (DOJ) would be the appropriate agency to open an investigation while
supporting the USDA’s.