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 ...
Lol. They are completely without creativity. Just repeat the same 100+ year old canards.
DANG them Big Brother snoopies!
They even found my porn star name.
Now they’re going after our food too.
These people are doing their best to start a civil disturbance
that will give them license to do whatever they like.
Sounds like a Nazi proclamation.
Hi.
If the price of fhel and feed skyrocket, what is a rancher supposed to do?
5.56mm
Forgetting of course fewer interstate trucking drivers for one ...
They really really think we are that stupid.
If we believe sh*T like that we are really really as stupid as they think we are.
The Democrats are pointing fingers at people profiteering? Pot meet kettle. They go into office thousandaires and come out millionaires.
The Slimes had an article that inflation is actually a great thing, so what’s the big F’n deal?
I don’t buy Big Meat. Local farmers with grassfed beef and pasture-raised chicken and eggs. Local supermarkets carry them.
Easy to boycott Big Meat and healthier way to eat. Yummier too.
Fuel.
Sheesh.
5.56mm
Liberal Dems ARE that stupid. I know a few.
The free flow of oil at market prices
Is the engine that drives a successful economy. When Biden messed with that he fouled up the economy.
Once again someone who has never held a real job, much less met a payroll, wants to opine on how supply and demand (in this case NOT quantity supplied and quantity demanded).
This reminds me how back in the day in California every time gas prices would quickly spike up the congresscritters would demand an investigation. INEVITABLY it ended up being a direct results of the many added cost California policies. Eventually they stopped doing it as it just embarrassed themselves.
That is EXACTLY what will happen here.
Who is the largest farm landowner in the US?
Looks like Biden needs to appoint a “Meathead Czar” ... oh wait, he has already called the Secretary of Agriculture .... never mind.
“Profiteering” is a loaded term, usually related to weakening a nation’s military capabilities. Outside of that context, The Nazi party and the Stalinist communist nations used that as a term for a capitalist who deserves to be executed.
But no criticism for Chinese-owned Big Pork? Pork’s risen more than chicken, for sure.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.