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USDA to Finish Probe of Beef Price Surges Soon, Ibach Says

July 21, 2020, 6:54 PM

USDA is “nearing conclusion” in its investigation into allegations that meatpackers manipulated the price of beef during the coronavirus pandemic and following a fire at a Tyson Foods plant in Kansas in 2019, says Greg Ibach, the department’s undersecretary for marketing and regulatory programs.

  • USDA hopes to release a report on the probe in “the very near future:” Ibach
  • “There may be actions” that Congress and the industry “may want to consider” as a result of the findings, Ibach says
  • NOTE: The U.S. Justice Department has opened a separate antitrust investigation of the meatpackers’ actions
  • Ibach spoke in response ...