Biden Wants to Aid Farmers in Dealing With Meat, Poultry Processors [Business News Network (BNN) (Canada)]
Tyson Foods, Inc. (TSN)
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Source: Business News Network
at protecting farmers and ranchers in dealing with the companies that process their products. Long-simmering grievances over the domination of meat and poultry markets by a few giant companies have exploded into the broader political debate as rising meat prices played an out-sized role in surging inflation this past year. President Joe Biden and his top economic aides have accused meatpackers and poultry processors of abusing their market dominance while farmers complained they haven't received a fair share of surging supermarket prices. The proposed regulation prohibits meat processors from using specific deceptive practices in purchasing livestock, including making false or misleading statements or omitting important information to secure contracts for livestock or negotiate purchases. It also prohibits retaliation against farmers who try to join together or report abuses, according to an Agriculture Department summary. “Highly concentrated local markets in livestock and poul
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TSN
Earnings
- 2/5/24 - Beat
TSN
Sec Filings
- 3/8/24 - Form 8-K
- 3/1/24 - Form 8-K
- 3/1/24 - Form 424B5
- TSN's page on the SEC website