Free Republic

New York (CNN Business)Good news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many other staples are getting more expensive. Prices for meat, poultry, fish and eggs fell 0.4% from November to December, according to seasonally adjusted data from the Bureau of Labor Statistics. Within that category, meats overall dropped 0.9% — with beef and veal down 2%, pork chops 1.1% cheaper and hot dogs falling 1.5%. Not all individual meat items got cheaper, however. Breakfast sausages were up 1.4%, lunch meats got 2.7% more expensive, and chicken prices rose 0.3% in December....

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.... ...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....

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...