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 ...
They want to destroy the meat industry because livestock-farts.
Sounds like FDR. During WW 2 he targeted Dupont for “profiteering”. E I Dupont was the largest manufacturer of gunpowder in the US.
Meaning if we like to tar and feather we will able to do that due to their tyrannical actions
I had no idea Anthony Weiner has the meat market cornered.
The problem was that Psaki is a liar and your solution is perfect
They forgot to attribute it to ‘wreckers and hoarders”.
Okay...
Thanks for the mention.
You might know that anyone who thinks and speaks that way HAS to be employed at the WH and no doubt a person who couldn’t make it past the 8th grade.
~~And customers who are going to the grocery store??????~~
What a jerk! How do they justify paying these clowns with our tax money? At least they found something that’s not Donald Trump’s fault! I saw a list of the taxes that they want to implement. I suggest they start with a tax on any idiot with a big mouth! It would be a tossup with those who don’t know when it’s time to use “their” and the time to use “they’re.”
“”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. “”
Repeat.
Damned meat smugglers.
Actually this one is accurate. The Rancher is seeing very of that extra income at all for prices on the hoof. They are giving Ranchers pennies on the dollar compared to the profit margin they are enjoying. It is price fixing.
Oh yeah—blaming the “hoarders” is always on a cue card.
They just haven’t handed that one to the senile vegetable _yet_.
I hoard because somebody has to!
Those three big packers are acting like google and apple in the phone market.
What surprises me is the Biden admin is going after meat since the monopolistic/oligopolistic behavior of the packers is going to result in less meat production and consumption but linearly programmed maximum profits.
While they are at it look at the Cargils and Conagras of the world.
Why does a US lemon cost 85c here in the US and the same damned US lemon is exported to central america and it is sold for 25c? There are bigger logistics costs to get it to the export market.
While I am at it, why in the hell is there a sugar import tariff? Corn syrup is vastly inferior as a sweetner in 90% of applications but subsidizing the beet industry and the Cargils and Conagras of the world is AOK I guess.
Oh, good gravy.
Yep... And Cargill is Feistein’s husband’s venture. Conflict of interest?
Big corporations have a very simple rule—bribe or die.
That is all you need to know about “public policy” in this third world s&^%hole we live in.
“The Slimes had an article that inflation is actually a great thing”
Inflation is a great thing...if you are a balloon
The media reads like the Volkischer Beobachter, the chief Nazi party organ. We need to throw some good names at our dictator.
Go after cattle ranchers. Farmers. Trump gives them a fair deal so they can make the money they should. And now biden takes it away and wants to change laws so they will lose the farm if they try to pass it down to the kids. Or tax them to death. What’s wrong with this guy. He has gone against every thing he promised. People see this.
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