Today, the Agriculture Committee is holding the first hearing on the cattle market, which you've called a monopoly. Can you explain the current situation for our viewers? Sure. Since about 1920, over 100 years ago, there's been antitrust laws that have been in place. And the idea is to make sure that we have fair competition in the marketplace. Back then, there were basically four major packers that had about 50% of the entire market. (01:26–01:31)
CLAIM
Asserts that antitrust laws have existed since about 1920.
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