Concentration in U.S. Meatpacking Industry and How it Affects Competition and Cattle Prices

James M. MacDonald

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2024, vol. 2024

Abstract: Meatpacking is a concentrated industry, with a few firms accounting for most production. Across the entire U.S. economy as well as in agribusiness, industry concentration has reemerged as a policy issue. In 2020, the House Committee on Agriculture directed USDA to investigate the vulnerability of the beef supply chain and the level of concentration in the industry. In 2021, President Biden issued an Executive Order, “Promoting Competition in the American Economy,” which referred specifically to meatpacking concentration and its effects on financial returns to farmers and ranchers. In 2023, the Federal Trade Commission and the U.S. Department of Justice—charged with enforcing the Nation’s antitrust laws—jointly issued revisions to their “Merger Guidelines” aimed at concentration in U.S. industries.

Keywords: Agribusiness; Agricultural Finance; Industrial Organization; Livestock Production/Industries; Production Economics (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:341245

DOI: 10.22004/ag.econ.341245

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