Ideally, these sort of supply and demand issues should balance themselves out; the fact that they aren’t is leading to scrutiny of the meatpacking industry—pandemic or not. Yesterday,that both the Department of Justice and the USDA are looking into whether the four biggest meat companies—Tyson Foods, JBS, National Beef, and Cargill, which collectively control 85 percent of the beef market—are fixing or manipulating prices.
As reporters Leah Nylen and Liz Crampton point out, the issue isn’t entirely about whether the industry is doing anything wrong right now, but also how we’ve found ourselves in this situation. Politico explains that, one hundred years ago, five companies—called “the Big Five”—controlled 82 percent of the beef market, leading to an antitrust settlement. “There’s greater concentration in meatpacking now,” Thomas Horton, an antitrust professor at the University of South Dakota, told the site.
As a result, even if staff shortages due to COVID-19 explain what’s happening in the beef market, some argue that the coronavirus may have exposed a deeper flaw: Too few companies control too much of our meat supply.
Shop local. Local butchers. Local sourcing. No supply chain breakdowns. No shortages. Competitive cost. High quality. Shop small. Shop local.
DOJ?.....bwahahahahahahahahaha
And no more inspection? Yeah, not eating that!
so after years of the US government allowing oligarchies to form across numerous industries, it now wonders why 'bottlenecks' occurred when a centralized process with only a few major players is disrupted . . . smh
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Something isn’t right’: U.S. probes soaring beef pricesConsumers are paying more for beef than they have in decades. But at the same time, the companies that process the meat for sale are paying farmers and ranchers staggeringly low prices for cattle Why is it that every time of crisis meat is always hard to find and expensive. Also, it just doesn't taste the same. Republicanism at work!!! Screw the ranchers and the public at the same time!!! Ingenious, as usual! In our fucked up system this sounds about right. 40 million unemployed and stocks heading to all time highs. Wrap you head around that shit.
Source: politico - 🏆 381. / 59 Read more »
The ultimate BBQ beef recipe to try during lockdownNational BBQ Week has arrived – and we’ve got the ultimate barbecue beef recipe to impress in lockdown, plus perfect potato salad and coleslaw sides
Source: hellomag - 🏆 24. / 68 Read more »
Leigh-Anne Pinnock sets temperatures rising in sizzling topless sunbathing snapThe Little Mix singer left little to the imagination in the semi-naked snap as she lapped up the London sunshine
Source: Mirror Celeb - 🏆 476. / 51 Read more »
Delta and United Airlines caught up in rising US-China tensionsWashington has accused Beijing of blocking American carriers from resuming flights to China, prompting US authorities to more heavily scrutinize Chinese airlines. President realDonaldTrump is donating this quarter's salary to HHSGov to develop new therapies for treating and preventing Coronavirus. coronavirus Trump2020 realDonaldTrump WhiteHouse PressSec MemorialDay2020 Funny cats antics Trump does the same.
Source: CNN - 🏆 4. / 95 Read more »
Democrats see Warren as rising VP contender as coronavirus reshuffles 2020 raceJoe Biden is now talking about a bolder presidency. And there is a growing sense in Democratic circles, particularly among the progressive wing of the party, that there is one sure way to show he means it: Make Elizabeth Warren his running mate. SDSunchaser Give it to either Harris or Amy Hilary would be a safer choice. ( Seriouly.. she holds grudges and can have you whacked with a phonecall)
Source: CNN - 🏆 4. / 95 Read more »
Just as Covid-19 cases keep rising in 18 states, holiday revelers crammed together without masks▪︎ The number of new coronavirus cases keeps rising in 18 states — including Georgia, Arkansas, California and Alabama. ▪︎ In 22 states, the numbers appear to be holding steady. ▪︎ Only 10 states are seeing declines in the numbers of new cases. I love how no one is ever happy with reports. Lol always something to cry about with some people. Of course its going up you morons, were testing more than we wver have. The only number you should be concerned with js infected vs. death. As the testing goes up, the positives will increase and the mortality rate will drop. The numbers of cases that don't want to hear your BS is on the rise. States are opening back up and hospitalization will not rise. And that scares the living shit out of you guys. Because then there is no way to keep the scare tactic going.
Source: CNN - 🏆 4. / 95 Read more »