A wide-ranging executive order that President Joe Biden signed Friday seeks to address consolidation throughout the economy and includes a special focus on actions the Department of Agriculture could take to address the meat industry and antitrust enforcement.
USDA officials tell Agri-Pulse they are working “amicably” with the Biden transition team, which is paving the way for the incoming administration next week. On the international front, the transition team has been pressing USDA for details on the impacts of the “phase one” trade deal with China.
The Agriculture Department makes a series of recommendations to Congress for addressing price volatility in cattle markets, but the industry was left in the dark about the results of an investigation into alleged price manipulation by beef processors.
The Department of Justice is seeking information from the nation’s largest meatpackers, a move that provides further indication of an investigation into the practices of the four major players in the industry.