Mike
Well-known member
Date set for boxed-beef price trial
by John Gregerson on 2/27/2006
for Meatingplace.com
A federal jury trial date has been set to consider allegations that four of the U.S. beef industry's largest packers misreported boxed-beef prices to the U.S. Department of Agriculture in 2001.
The case, to be tried on April 3, 2006, was first filed two and a half years ago by cattle producers Herman Schumacher, Michael Callicrate and Roger Koch, who all sold cattle to the defendant packing companies — Tyson Fresh Meats, Cargill Meat Solutions, Swift & Co and National Beef Packing.
District Court Judge Charles Kornmann certified the case as a class action on behalf of all cattle producers who sold fed cattle on the cash market, and the trial follows motions by the defendants to have the case dismissed, which Judge Kornmann denied in January.
Under boxed-beef reporting laws, packers have to report twice daily to USDA certain cattle-price information. During the period in question, the packers are alleged to have underreported the price they were receiving for boxed beef, which had the effect of depressing the prices cattle producers received for fed cattle sold to the packers during the same time period.
by John Gregerson on 2/27/2006
for Meatingplace.com
A federal jury trial date has been set to consider allegations that four of the U.S. beef industry's largest packers misreported boxed-beef prices to the U.S. Department of Agriculture in 2001.
The case, to be tried on April 3, 2006, was first filed two and a half years ago by cattle producers Herman Schumacher, Michael Callicrate and Roger Koch, who all sold cattle to the defendant packing companies — Tyson Fresh Meats, Cargill Meat Solutions, Swift & Co and National Beef Packing.
District Court Judge Charles Kornmann certified the case as a class action on behalf of all cattle producers who sold fed cattle on the cash market, and the trial follows motions by the defendants to have the case dismissed, which Judge Kornmann denied in January.
Under boxed-beef reporting laws, packers have to report twice daily to USDA certain cattle-price information. During the period in question, the packers are alleged to have underreported the price they were receiving for boxed beef, which had the effect of depressing the prices cattle producers received for fed cattle sold to the packers during the same time period.
