USDA Will Investigate Meat-Packer Margins After Beef Price Surge
- Members of Congress from cattle regions demanded inquiry
- Margins more than doubled after virus outbreak: Farm Bureau
Photographer: Luke Sharrett/Bloomberg
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The U.S. Department of Agriculture will investigate a surge in meatpackers’ margins for beef during the coronavirus outbreak that has stirred accusations of market manipulation from some cattle producers.
U.S. Agriculture Secretary Sonny Perdue announced the probe in a Twitter post Wednesday after demands for an inquiry by members of Congress from cattle-producing regions.