Biden Admin Spars With Food Processors Over Rising Meat Prices

The Biden Administration is pointing to corporate consolidation as the reason for the rising costs Americans are paying for food, but Tyson Foods, the nation’s largest meat processing company, says it rejects this assessment. A report released by the White House on Wednesday said that about half of the added expenses that consumers have paid at the checkout aisle over the past few months can be attributed to three meats: beef, pork, and poultry. According to the report, prices for beef have risen by 14.0 percent, pork by 12.1 percent, and poultry by 6.6 percent since last December. It goes on to say that there is a processing bottleneck in the supply chain of these meats, dominated by four companies that own between 55 and 85 percent of the market. It says those companies have seen record profits in the first half of this year while wholesale prices paid to …Read More

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