A recent news item is causing a flurry of agitation across the U.S. beef industry.
According to an Associated Press report, the Department of Justice and U.S. Department of Agriculture have launched an investigation into whether the nation's largest meat-packing companies have been manipulating and driving down cattle prices.
So far, there has been no comment from the Grain Inspection, Packers and Stockyards Administration (GIPSA), the federal agency responsible for regulating trading practices within America's livestock industry. The GIPSA has come under criticism in the past for not putting enough bite into its role as a watchdog. A 2006 report by the Government Accountability Office said GIPSA hadn't taken sufficient steps to correct "identified weaknesses in GIPSA's investigation and enforcement activities."
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