Ground beef just hit a record $6.89 a pound, up 80% since 2019 \u2014 and nobody along the supply chain sees relief coming. Ranchers like Eric Gropper point to years of drought that have shrunk cattle herds to their lowest level in decades. Meanwhile, meatpackers have been hammered by labor shortages and plant closures. And restaurants have had no choice but to keep raising prices.<\/p>\n
But how much of this is the market, and how much is manipulation? Since the late 1970s, just four companies \u2014 Tyson, JBS, Cargill, and National Beef \u2014 have come to control roughly 80% of the American beef market. The Justice Department is now investigating, and McDonald’s and Target are among those suing over alleged price-fixing.<\/p>\n
So how much has consolidation driven up prices? And would breaking up these companies actually lead to lower beef prices?<\/p>\n
00:00 – Intro
\n01:16 – The Rise of Meatpackers
\n03:03 – Independent Ranchers
\n04:42 – The Selling Stage
\n05:20 – The Investigations
\n09:03 – Meatpacker Profits
\n10:23 – Consumer Prices
\n12:28 – The Future for Ranchers
\n14:29 – Credits<\/p>\n
Read “I’ve opened more than 25 restaurants. If I could start over, I’d make 1 major change to the menu”: https:\/\/bit.ly\/4dEu5kT<\/a> MORE SO EXPENSIVE VIDEOS: Business Insider is a global newsroom covering business, technology, innovation, and the economy.<\/p>\n Visit our homepage for the top stories of the day: https:\/\/www.businessinsider.com\/?utm_source=youtube<\/a> Find Business Insider on Facebook: https:\/\/www.facebook.com\/businessinsider<\/a> Beef Is More Expensive Than Ever. So Why Are Cattle Ranchers Broke? | So Expensive | Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":" Ground beef just hit a record $6.89 a pound, up 80% since 2019 \u2014 and nobody along the supply chain<\/p>\n","protected":false},"author":1,"featured_media":89988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-89972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts\/89972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/comments?post=89972"}],"version-history":[{"count":0,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts\/89972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/media\/89988"}],"wp:attachment":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/media?parent=89972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/categories?post=89972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/tags?post=89972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n——————————————————
\n#beefindustry #foodcost #consolidation #ranchers #soexpensive <\/p>\n
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