USDA and DOJ collaborate to sue Koch Foods for restrictive contract termination fees. USDA also finalizes poultry contract transparency rule. Farmers say keep the foot on the gas.
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Agri Stats collects and shares detailed data on meat companies’ prices, wages, production levels, and profit margins. Antitrust enforcers say that meat packers used this information to fix prices and suppress wages.
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DOJ and FTC set new standards for reviewing mergers and acquisitions that take a stronger stance against concentrated market structures, vertical integration, harms to suppliers, and more.
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Open Markets and Farm Action hosted farmers and other food business owners in Washington, DC to assess the Biden administration’s commitment to restoring fair competition in the food system.
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Farmers and food businesses urge antitrust enforcers to strengthen merger guidelines and fight consolidation.
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A whistleblower from the Department of Justice’s (DOJ) Antitrust Division testified before Congress last week that Attorney General William Barr had disproportionately directed antitrust enforcement resources to scrutinize relatively small mergers between cannabis firms out of a personal dislike for the industry.
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Wholesale beef prices have jumped to record levels, as shoppers stockpile meat in response to the global coronavirus pandemic. But this run on beef isn’t helping cattle ranchers. On the contrary, cattle prices have plummeted since January, putting many ranchers on the brink of collapse.
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Last month, the nation’s fourth-largest beef packer, National Beef, announced plans to take over Sysco-owned Iowa Premium, a regional packer focused on processing Black Angus steers for the Upper Midwest. National Beef is majority owned by Brazilian firm Marfrig.
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Anheuser-Busch InBev is angling to control every shelf of your local beer store, and they’re doing it behind the scenes. That may seem surprising, given that the Belgian company has made headlines this year with its nearly complete $108 billion acquisition of SABMiller, the second-largest beer company in the world. But many in the industry see control over distribution, even more than deals, as the real source of ABI’s growing market power. And though the Department of Justice’s July approval of the merger seems to promote competition and place checks on the company’s pursuit of growth, those checks may not prove strong enough to rein in the beer giant.
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At the National Retail Federation annual conference, retailers discuss how to use big data to personalize customer prices. Tactics include in-store cameras that track which products you’re examining, so Kroger can send you a coupon for chips as you’re still roaming the salsa aisle. Or if you buy cat food towards the end of the month, you’ll be e-mailed a special offer on the 25th, rather than showered with ads all the time. But do the savings outweigh the creepiness?
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