Posts tagged collusion
Ranchers and Lawmakers Decry Market Manipulation, as Cattle Prices Plummet and Monopolies Profit on Coronavirus

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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Court Decision Against Peruvian Shepherds Sets Dangerous Precedent for U.S. Workers

In 2015, a group of Peruvian shepherds working for sheep ranchers in the western U.S. filed an antitrust suit alleging that the ranchers had colluded to hold down wages and avoid competing for labor. A judge initially dismissed the case and a three-judge panel on the Tenth Circuit agreed this July. On Tuesday, the plaintiffs petitioned for another chance at their day in court. (The Open Markets Institute plans to file an amicus brief in support of their petition.)

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