4-15 news: New antitrust regulations for meat industry to be unveiled this spring
Activists, farmers and meat industry officials have been anxiously awaiting the new rules, which will be released this spring for public comment and are set to take effect this summer, reports the Associated Press. The regulations are seen as a kind of litmus test for the Obama administration and how far it will go in regulating competition in the meat industry.
At issue is how much power farmers have as they produce cattle, hogs and chickens for large companies such as JBS SA, Smithfield Farms and Tyson Foods. The new rules will govern how meatpackers buy their cattle on an open market and what demands poultry companies can make on the independent contractors who raise their chickens.