A Missouri state lawmaker is calling for a state investigation of potential price-fixing in the cattle market.
Representative David Gregory, a Republican from St. Louis, is chair of the House Special Committee on Government Accountability, “There’s some pretty strong circumstantial evidence that the meatpackers are coordinating efforts to suppress the price of fed cattle. And that’s a problem and if that is actually occurring it’s illegal.”
He says Missouri cattle producers are getting low prices for fed cattle while meat packers are enjoying all-time high prices, “Something’s up.
