Meatpackers Feed on Fed Cattle

Alderman, Brianna L.

doi:10.1177/0003603x221149365

Cited by 3 publications

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“…Brianna Alderman confronts this issue in her analysis of collusion in the fed cattle market. 17 Suppliers of fed cattle-ranchers and feedlot operators-have complained about monopsonistic exploitation at the hands of the dominant meatpackers. At this writing, the antitrust challenge 18 is ongoing, so the truth of the plaintiff's allegations remains to be proven.…”

Section: A the Market For Fed Cattlementioning

confidence: 99%

Antitrust Litigation in the Protein Markets

Alderman

Blair

2023

The Antitrust Bulletin

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Allegations of collusion are prevalent in many of the major protein markets including beef, chicken, eggs, pork, salmon, tuna, and turkey. The sources of collusion, however, are different across markets. For some markets, like chicken and pork, the collusion was allegedly facilitated through information exchanges using Agri Stats, a data collection and sharing service. In other markets, the collusion was facilitated among parties within the market. There are allegations of collusion in the input markets for some proteins, the output markets for others, and some like chicken and beef have allegations in both. While many of these cases are ongoing, there have been a few cases where settlements have been reached or the courts have decided on a verdict. This introduction provides a snapshot of the many articles in our symposium that specialize on one protein market or another. We provide a brief review of each case, as well as emphasize the importance of this research given how substantial the protein markets are in the U.S.

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Section: A the Market For Fed Cattlementioning

confidence: 99%

Antitrust Litigation in the Protein Markets

Alderman

Blair

2023

The Antitrust Bulletin

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“…at tab. 1.8 For a more in-depth analysis of the alleged collusion in the fed cattle market, seeAlderman (2023).9 For more details on the beef market allegations, seeBlair (2023). At this writing litigation in both the cattle and the beef markets is ongoing.…”

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confidence: 99%

“…8 8 For a more in‐depth analysis of the alleged collusion in the fed cattle market, see Alderman (2023). …”

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Vertical integration to avoid monopsonistic exploitation

Alderman

Blair

2022

Manage Decis Econ

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For decades, the suppliers of fed cattle have complained about monopsonistic exploitation by the dominant meatpackers. Recently, a group of ranchers and feedlot operators joined forces to build their own meatpacking plant in an effort to avoid such exploitation. In this context, we show that forward vertical integration by the suppliers of fed cattle will increase their profits while increasing output and lowering prices for consumers. In addition, we show that vertical integration improves both consumer welfare and social welfare. We also examine the use of a joint sales agency, which is an economically equivalent alternative to vertical integration.

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Facilitating Collusion with Spot-Price Contracting

Hatfield

Lowery

2023

SSRN Journal

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Meatpackers Feed on Fed Cattle

Cited by 3 publications

References 0 publications

Antitrust Litigation in the Protein Markets

Antitrust Litigation in the Protein Markets

Vertical integration to avoid monopsonistic exploitation

Facilitating Collusion with Spot-Price Contracting

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