Originally posted by: Nines
Where's your source for "the largest beef meatpackers voluntarily bred fewer cattle starting in 2020 in a deliberate effort to reduce the supply of beef thereby raising the price". So, these rancher mafioso convened in a mountain cabin somewhere to artificially raise the retail beef price by reducing production and supply?
What about the real effects of Covid on meat packing plant closures / restrictions on supply and demand? What about production cost increases ( feed, transportation, logistics) that are still in effect today? What about Covid effects on grocery stores and food service outlets? You think all that is over with? All these multi-leg stops on the beef supply chain have increased prices post-Covid to the next entity down the line..as have almost every other industry that the consumer does business with. It's a little short-sided to blame the meat packers as the main cog in increased beef prices...it's a complex commercial food service system. Granted, these meat packers have nearly monopolistic power..but to assign all blame to them for cost increases doesn't address the complexity of the beef supply chain.
Fair enough. There's clearly plenty of variables that went into the cost of beef. Some are mother nature and some are morally questionable - lets just say that. The meatpacking industry is not a high-growth money machine like say Nvidia. So when their profits double in 24 months while their product sells at a price well beyond the historical profit margin then it warrants the government looking into it, wouldnt you agree?
In any event, its nice to see someone on the right not blame the food inflation on Joe Biden. Maybe you can pass that along to the folks at FOX news...and our resident conservative posters.
