Wednesday, October 11, 2006
NFU: Coalition Calls for DoJ Investigation of Smithfield Acquisition
WASHINGTON (September 28, 2006) - A coalition of agriculture and consumer groups today reiterated the call on the Department of Justice (DoJ) to investigate the planned purchase of Premium Standard Farms by Smithfield Foods, Inc. The coalition contends the proposed acquisition, if approved, will escalate the excessive consolidation of livestock markets and could lead to the potential manipulation of consumer retail prices for pork and beef products.
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