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Beef Packers Under Investigation
Manage episode 519448254 series 3355503
It’s the Ranch It Up Radio Show Herd It Here Weekly Report! A 3-minute look at cattle markets, reports, news info, or anything that has to do with those of us who live at the end of dirt roads. Join Jeff 'Tigger' Erhardt, the Boss Lady Rebecca Wanner aka 'BEC' by subscribing on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.
U.S. Officials Confirm Beef Packers Are Under InvestigationU.S. Attorney General Pam Bondi and Secretary of Agriculture Brooke Rollins confirmed that the Justice Department is investigating U.S. beef packers for antitrust issues.
In posts to X (formerly Twitter), both Trump administration cabinet members seconded the president’s Friday TruthSocial post, which alleged beef packers are “driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation.” Trump further alleged that “Majority Foreign Owned Meat Packers” were inflating food prices and jeopardizing “the security of our Nation’s food supply.”
The meat institute issued their statement on the beef processing sector DOJ investigation by saying despite high consumer prices for beef, beef packers have been losing money because the price of cattle is at record highs. For more than a year, beef packers have been operating at a loss due to a tight cattle supply and strong demand.
The meat institute said the beef industry is heavily regulated, and market transactions are transparent. The government’s own data from USDA confirms that the beef packing sector is experiencing catastrophic losses and experts predict this will continue into 2026. U.S. beef processors welcome a fact-based discussion about beef affordability and how best to meet the needs of American consumers, who are the industry’s most important stakeholders.
REFERENCES:
Upcoming Bull & Heifer Sales On RanchChannel.ComLot’s of bull and heifer sales coming up on the RanchChannel.Com sale calendar. Check out the full line up HERE.
SPONSORSJorgensen Land & Cattle
Ranch Channel
Questions & Concerns From The Field?Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420
Or email [email protected]
FOLLOW Facebook/Instagram: @RanchItUpShow
SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup
Website: RanchItUpShow.com
The Ranch It Up Podcast is available on ALL podcasting apps.
https://ranchitup.podbean.com/
Rural America is center-stage on this outfit.AND how is that? Because of Tigger & BEC... Live This Western Lifestyle.
Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner.
Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com
369 episodes
Manage episode 519448254 series 3355503
It’s the Ranch It Up Radio Show Herd It Here Weekly Report! A 3-minute look at cattle markets, reports, news info, or anything that has to do with those of us who live at the end of dirt roads. Join Jeff 'Tigger' Erhardt, the Boss Lady Rebecca Wanner aka 'BEC' by subscribing on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.
U.S. Officials Confirm Beef Packers Are Under InvestigationU.S. Attorney General Pam Bondi and Secretary of Agriculture Brooke Rollins confirmed that the Justice Department is investigating U.S. beef packers for antitrust issues.
In posts to X (formerly Twitter), both Trump administration cabinet members seconded the president’s Friday TruthSocial post, which alleged beef packers are “driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation.” Trump further alleged that “Majority Foreign Owned Meat Packers” were inflating food prices and jeopardizing “the security of our Nation’s food supply.”
The meat institute issued their statement on the beef processing sector DOJ investigation by saying despite high consumer prices for beef, beef packers have been losing money because the price of cattle is at record highs. For more than a year, beef packers have been operating at a loss due to a tight cattle supply and strong demand.
The meat institute said the beef industry is heavily regulated, and market transactions are transparent. The government’s own data from USDA confirms that the beef packing sector is experiencing catastrophic losses and experts predict this will continue into 2026. U.S. beef processors welcome a fact-based discussion about beef affordability and how best to meet the needs of American consumers, who are the industry’s most important stakeholders.
REFERENCES:
Upcoming Bull & Heifer Sales On RanchChannel.ComLot’s of bull and heifer sales coming up on the RanchChannel.Com sale calendar. Check out the full line up HERE.
SPONSORSJorgensen Land & Cattle
Ranch Channel
Questions & Concerns From The Field?Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420
Or email [email protected]
FOLLOW Facebook/Instagram: @RanchItUpShow
SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup
Website: RanchItUpShow.com
The Ranch It Up Podcast is available on ALL podcasting apps.
https://ranchitup.podbean.com/
Rural America is center-stage on this outfit.AND how is that? Because of Tigger & BEC... Live This Western Lifestyle.
Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner.
Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com
369 episodes
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