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 ...
It is always someone else’s fault with this punk administration.
Regardless of what Democrat women think of Bill Clinton, I hardly see any connection to food price inflation. Perhaps they mean a different “Big Meat”?
Big Meat?
Lyndon Johnson’s been dead for 50 years.
3 big packers.
https://www.nasdaq.com/market-activity/commodities/le
Look at 5 year pricing the farmers have dealt with.
Connect the tops to see the trend. Sideways.
Then look at the max. Farmers getting squeezed. Consumers getting squeezed. Who is making the money on meat?
Even a broken clock is right twice a day.
You’re absolutely right!- each employee could butcher a cow at home every day.
That Biden is sure smart.
My family buys very little meat and yet our grocery prices have still skyrocketed, so I know the WH is lying - again.
I guess it’s my fault.
My Indian name is “Big Meat”.
Not sure you improved anything.
Some may like that better.
As for the “We” at the end, you totally lost me. “We” get
nothing we want.
See post 30.
Those “three big packers” know _exactly_ what is gonna happen next—they need to get what they can while they can....
So, inflation is the meat companies’ fault. The covid bounce is the American people’s fault. The crime wave is white people’s fault. The Kabul fiasco is Trump’s fault. The swarms at the border are poverty’s fault. Sure glad we have faultless Joe Biden for a president.
Which will also give us license to do whatever WE like. Pretty sure they won't like it.
Yep. Their party just has to tell them any lie, no matter how stuid, abd they will be all over social media repeating it
Democrat votes are brain dead robots who ignore any facts that challenges “their team”.
Soylent Green is the solution.
Now what was the problem again?
;-)
you think it’s bad now...
just wait until the trucker strikes from Vax mandates..
No - this is part of the plan to turn the economy communist.
They’re following the Venezuela playbook to a T
America has the MOST expensive government in the world. Government and its actions are the cause of this inflation.
A woman I know well just took a job with our state, working in “at risk health-care” ie) getting more poor/immigrants on the dole.
She said she already has many daily zoom meetings, and very little real work, and her agency is hiring many more people every day. And not one of them will produce a god-damn thing. She has no idea where they will even sit if/when they go back to the office.
See #44
Can’t let the people know that government spending is responsible and that government policies in general, are causing everything to go up in prices. Gas prices especially are causing everything that is delivered go to up in prices.
Blame everybody and everything but the parties responsible, and those responsible are the Biden administration and democrats’ heavy spending.
Biden forgot to blame Trump, but it’s coming.
Maybe Biden can ask the arabs to raise more beef to lower prices....
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