Cattle Group Applauds Sen. Hawley's Anti-Monopoly Bill
BILLINGS, Mont. - Last Week, U.S. Sen. Josh Hawley (R-Mo.) introduced the Strengthening Antitrust Enforcement for Meatpacking Act (S.2818) to empower antitrust enforcers to break up giant meatpacking and poultry monopolies and place power back in the hands of America’s farmers and ranchers who raise livestock and poultry. R-CALF USA CEO Bill Bullard said his group “applauds Senator Hawley’s novel approach to addressing the untenable market concentrations faced by America’s cattle and sheep producers.” The bill would establish two thresholds for determining the market concentration in the meatpacking industry. Using the Herfindahl-Hirschman Index (HHI), which is a measure of market concentration presently employed by the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC), the bill would prohibit a merger or acquisition by a meatpacker if the HHI would exceed 1,800, or if a proposed merger or acquisition would increase the meatpacker’s
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