Insights and Stories on Competition

Apr. 13, 2022 at 7:41 pm CDT

Washington | Reuters — The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and price increases for consumers, House agriculture committee chairman David Scott said Wednesday. “It is very important, very vital, and very […]

By Kanishka Singh

Mar. 11, 2022 at 7:29 pm CST

Reuters — The U.S. Department of Agriculture is opening an inquiry into the impacts of concentration in the fertilizer, seed and retail markets. The inquiry stems from the Biden administration’s July 2021 executive order to promote competition across the U.S. economy, the agency said in a release Friday. Global supply […]

By Leah Douglas

Feb. 2, 2022 at 9:49 pm CST

Reuters — JBS has agreed to pay US$52.5 million to settle litigation accusing meatpacking companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit. The preliminary settlement by the Brazilian company and its U.S. units with so-called direct purchasers […]

By jonathan-stempel

Jan. 3, 2022 at 7:18 pm CST

Reuters — The United States will issue new rules and US$1 billion in funding this year to support independent meat processors and ranchers as part of a plan to address a lack of “meaningful competition” in the meat sector, President Joe Biden said Monday. The initiative comes amid rising concerns […]

By Leah Douglas

Oct. 22, 2021 at 7:12 pm CDT

Ankeny, Iowa | Reuters — Mexico’s agriculture minister said the country would not limit imports of genetically modified (GMO) corn from the United States during a meeting with U.S. Agriculture Secretary Tom Vilsack in Iowa on Wednesday. Mexico published an executive order late last year that sought to ban in […]

By Tom Polansek