Posted on 09/09/2021 1:38:35 PM PDT by karpov
The Biden administration has beef with Big Meat.
The White House this week slammed the four biggest companies in the meat industry, accusing them of “raising prices while generating record profits during the pandemic” and blaming them for soaring price inflation at grocery stores across the country.
Increases in the prices of beef, pork and poultry are driving the overall spike in food prices seen since late 2020, said White House National Economic Council Director Brian Deese.
As consumers prices have gone up, though, farmers and ranchers haven’t seen the amount their paid by giant meat companies rise, too, Deese said.
“It raises a concern about pandemic profiteering, about companies that are driving price increases in a way that hurts consumers who are going to the grocery store,” Deese said at a news briefing Wednesday.
The Biden administration went so far as to call the four largest meat firms “middlemen” who use their “power to squeeze both consumers and farmers and ranchers,” Deese and two other White House aides wrote in a blog post.
Those four firms are Minnesota-based commodity trader Cargill, Arkansas-based chicken producer Tyson Foods, Brazil-based meatpacker JBS and Missouri-based National Beef Packing Co., which is owned by Brazilian beef producer Marfrig Global Foods.
Together, those companies slaughtered about 85 percent of US grain-fattened cattle that are made into steaks, beef roasts and other cuts of meat in 2018, according to the most recent data available from the US Department of Agriculture.
Tyson Foods, which sells beef, pork and chicken, fired back at the White House, calling its allegations “inaccurate.”
In a statement, Tyson said the meat industry has suffered from multiple market shocks due to “a global pandemic and severe weather conditions” that have knocked supply and demand throughout the industry off balance and sent prices up.
(Excerpt) Read more at nypost.com ...
Ranchers aren’t getting paid more. Truckers aren’t getting paid more. They and American consumers are eating the real costs while fatcats at firms like Cargill decided they can jack up profits and blame the pandemic
It’s all their fault, as usual. Projection.
I didn’t know that meat factors into the price of gasoline, rental housing, electricity, etc.
Eh, just US and China production together is more than 20x Brazilian production—and the others are relaticely small contributors.
There is a problem with the bill... No bribes.
China imports pork; they like LOW prices.
Low prices for them are different from low prices in the US market.
Please dont conflate what is happening in those markets with the meat markets. There are not three players that set the price paid producers and price charged consumers in those markets. Imagine a world with only three gas stations on 3 corners of one intersection of the world and the other corner has a few hundred guys packed in with 1 quart bottles. Gas is produced in 1 to 5 gallon pails except where the gas stations have bribed the government to not allow production to pass to the original owners kids and forced them to sell the production capability where they now are able to produce 500 gallon quantities.
Robber Barrons behind a corporate veil.
I literally hate everything the goons of the Biden admin have done, and I assume there will be big money extracted from the big 3 packers and nothing will be done, but the thinking is right.
The packers are monopolisticly squeezing both ends. The farmers and consumers are getting bent over and getting what Willie did to Kamala and what she did to the people she prosecuted.
True enough, but I think only Smithfield "Farms" funnels US retail $$ towards China; otherwise, they like depressed prices to farmers.
I’d think they’d always like depressed prices to farmers.
“The White House this week slammed the four biggest companies in the meat industry, accusing them of “raising prices while generating record profits during the pandemic” and blaming them for soaring price inflation at grocery stores across the country.”
This is a load of Biden Crap. If anything this Inflation in Food prices is being caused by the actions of that dimwitted moron.First he kills an oil pipeline from Canada to Texas that would have made energy much cheaper all one has to do is look at the Price of Gasoline and Diesel fuel was when President Trump departed the White House and what it is today.
Second there is a shortage of over the road truck drivers so the goods are being delayed getting to the markets and third crazy Joe decided to subsidize people into staying home instead of going to work and contribute to the nations economy.
Biden is at fault for this entire issue. But he’s doing what he does best and that’s lie through his false teeth.
Thanks for the chuckle Big Meat.
Your screen credit said “Vienna Sausage”...
That's true. Bills which benefit consumers and farmers, but which give no benefit to major political donors, are dead on arrival.
Come on now Joe, you and your family have raked in obscene amounts of cash selling out the USA.
Democrats are parasitic on America and demand others take the blame for their destruction of the country.
Since everything the liberals do has to do with control, I can’t help but think that this is going to lead to a push for government takeover of our food production.
Especially with Gates and the CCP buying up millions of acres of farmland recently.
Nothing would surprise me these days.
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