Gov. Pete Ricketts announced Thursday that he co-signed a letter with five other governors to the U.S. Department of Justice seeking an update on a pending investigation into meat processors and allegations of anti-competitive behavior.
“Decades of consolidation in meatpacking has significantly limited the options that producers have to market their cattle and has created a situation where one segment of the beef industry has near total control over the entire market,” the governors wrote in their letter. “As a result, the consistently high prices realized on the boxed beef side are not being reflected on the producer side, forcing consumers to pay a premium for beef while threatening many of our producers with the loss of their business.”
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