Aug 27, 2010 12:52 PM by Bea Karnes, News First 5

National cattle meeting in Colorado probes antitrust

Meatpackers, feeders and hundreds of ranchers from around the country are attending a workshop the Obama administration is holding in Colorado to discuss antitrust issues in the livestock industry.

The daylong workshop in Fort Collins drew about 1,500 people as it got underway Friday. It's one of five the administration set this year to hear about competition in an increasingly consolidated industry. Many attendees are concerned about a proposed new antitrust rule.

The U.S. Department of Agriculture says it would keep markets fair and competitive for livestock producers, but those producers sharply disagree on whether the rule would help or hurt. Attorney General Eric Holder and Agriculture Secretary Tom Vilsack are both attending.


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