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131
The Justine Department says they have reviewed over 3 million documents on the Big 4 Meat Packers in America They have found anti-trust practices. The Big 4 have been working together, sharing information and skyrocketing prices (twitter.com)
posted 38 days ago by brain_dead 38 days ago by brain_dead +131 / -0
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– Mow-Lawn-Lah-Bay 7 points 38 days ago +7 / -0

Big 4:

Tyson Foods, JBS USA, Cargill, and National Beef Packing Co.

Now do Chinka owned Smithfield Foods...

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▲ 6 ▼
– wasupwitdis 6 points 38 days ago +6 / -0

wheres the beef

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▲ 5 ▼
– OldDumGuy 5 points 38 days ago +5 / -0

Now do 95% of the s&p 500 companies, they are all becoming monopolies.

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▲ 3 ▼
– proverbs29_16 3 points 38 days ago +3 / -0

Maybe (NICE) should do some raids on there plant's while there at it.

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▲ 2 ▼
– Moosemeadow 2 points 38 days ago +2 / -0

My relatives in South Dakota have a ranch, rise cattle, they do not get rich off that business at all

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– Retaining_H2O 2 points 37 days ago +2 / -0

“This week, we will be announcing an historic settlement that will directly affect the prices of proteins like chicken, pork, and Turkey”

I don't know who he's kidding. Chicken, Pork and Turkey prices are VERY low.
Generally, Pork prices are anywhere from $2.00 to $5.00 per lb. Sometimes you can find pork on sale for as little as $1.00-$2.00 per lb.

Chicken prices generally run from $1.99-$4.00 per lb.

Turkey prices are hardly ever over $4.00 per lb, and during thanksgiving you can find Turkey for $1.00 per lb at nearly any store.

It's NOT those proteins that are the issue. It's BEEF PRICES.
A decent ribeye steak these days runs around $22-$25 per lb. If you find it on sale, it can be had for $16 per lb.
A beef roast these days runs from $6.00-$9.00 per lb.
Even ground hamburger meat is running $5.50 - $7.00 per lb.

BEEF prices are ridiculous. If you "fix" chicken or pork prices, at most we'll see a 50-cents per lb decrease maybe... but it's already cheap protein.

Correct the BEEF price fixing.

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▲ 1 ▼
– PhDinNY 1 point 38 days ago +1 / -0

They should do Home Depot and Lowes next. It is such an outrage for those two to charge the prices they do on so many things! Some small PVC piece that probably costs them 20 or 30 cents and they charge 2 or 3 dollars! (so many hugely marked up items; tools and equipment seem to be reasonable)

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– Pbman2 1 point 37 days ago +1 / -0

Break them up and loosen regulation on meat packing.

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▲ 1 ▼
– TaQo 1 point 38 days ago +1 / -0

Hi! I'm Justine 👋🏻

Wanna...pack meat?

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– Tynyyn 1 point 38 days ago +1 / -0

How would you like to be a high priced meat packer lawyer and have to push back against these charges? What would your defense be? "Ahhh, sorry, we didn't know about collision." "We will do better in the future, I promise."

But, just how much will the price of beef fall? Ten cents a pound or ten bucks a pound?

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