The price of beef is up 20% from this time last year. The Biden administration is pointing fingers at the meat industry, which is dominated by just four big companies who control pricing.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#Meat #Inflation #Business
Price of Meat On The Rise As Companies See Profits Triple
Boohoo unhealthy comfort foods are so expensive.
I stopped buying meat 🍖!
Why is the president letting this happen. Price was cheaper with Trump.
Time for Executive Orders to establish a price freeze as Regan did in the 80’s.
Beef was too expensive for our family a year ago.
Vegetarians for the win. Cook at home and save money . Eating out is gotten more expensive then ur common grocery . We choose to over eat and always have the most tasty sirloin , ribeye, nyc strip
Corporate profits. So they have enough money to pay CEOs millions and lobby for the removal of safety regulations.
Um. How about SAFETY?
A goodly part of inflation is price-gouging. Gas, pharma, food co’s are raking it in as they take advantage of the recent dynamics in supply/demand imbalances caused by the very strong economic turnaround.
And Republican States like Idaho are taking low income Seniors and handicapped citizens snap benefits. Literally starving their Seniors reliant on this. What do they do with those federal funds meant to aid these people during this. Literally deducting any cost of living raise from SS from those snap benefits. Can anyone live on 50 to 75 $ a month food. They think their poor and Seniors can.
You go Putin you have Biden’s permission.
Pretty funny, I mean pathetic, that people who call themselves conservatives and/or Republicans are calling it communism. It’s capitalism you idiots. This is what you’re supposedly for.
I would like to know how many of these four companies are represented at any one grocery store. Are they all distributing nationally, or have they carved out territories for themselves, resulting in a monopoly over any one area?
Isn’t earning a meat let you be more aggressive?!
If profits are tripling and the price is still going up it’s greed that is causing the price hikes.
Everyone should be questioning everything at this point-businesses, government, supply chain, profits. 3x profits means they’re not increasing their overhead, corruption all over.
They can keep the beef 🥩 🤢🤮
The sad thing is the meat doesn’t even look good in the stores.
Pure AMERICAN greed
Thank RONALD REAGAN for this
Why not just ground your own sirloin
Its called price gouging. And its supposed to bd illegle. Greed greed greed. So how many politicians own stocks in each of these companies?
The price of fuel and lack of employees we were ENERGY independent under Trump.We were exporting oil.Biden screwed everything up
That tripling of the profit is the cost of inflation.
We’re omivores, folks. Eat more fruit, vegatables, beans, and rice. Take it light on the fruit, though. Some fruits are more expensive than some meats.
Let the meat rot on the shelf!!
Raise rabbits. GROW YOUR OWN. Feed them all your green waste, use their poop to fertilize your plants. You can raise them in your house. Just as you can grow a tomato plant as a indoor house plant. THINK
So it is reported that these meat companies saw profits triple. Then if that is the case then they can’t blame inflation how can their profits supposedly triple but they’re saying that the cost of everything else that goes into the beef industry contributes to higher prices
Time to break them up!
Hello Everyone I’m Specter Prime and from looking at this NBC News I would say Now this looks Bad News for the people of Alaska of seeing the News on AML Bargement Company that goes to not only Hawaii but to Alaska as well hearing that the company is being shutdown for due to the gas price went up from 12% to now 15% and both Alaska & Hawaii are going to be a little shortage on both foods & supplies if this happens to both states the people’s in both might as well and up fighting each other for each others foods & supplies and at each others throats like on the movie: (Contagion) if you all think about it on that one and this is something that the Government’s & President needs think about & can’t ignor and this is for both Hawaii & Alaska that they need more foods & supplies they need to think of the children’s in both states of Hawaii & Alaska the adults are doing what they could for them in those two states and reopen the AML Bargement Company for both states of Hawaii & Alaska and I give this NBC News good thumbs up and good credits & points 👍👍✌✌👏👏🥊 and that is it for now and some of you Fans & Players & People would have to at least agree with me on that one on this NBC News & Reopen AML Bargement Company At Least For The People Of Hawaii & Alaska at least.!?¡¿ ♤♡♧◇€£₩¥ 🎮🕹💞👍👍✌✌👏👏🕵️♀️🕵️♂️😎🥊🙊🙉🙈
Did you hear that guy argue that thwy are helping keep prices low when this whole thing is about why the prices are inflated on purpose???? What a dirty punk
Welcome to CHRONY CAPITALISM where they do anything everything to rip you off
I keep saying that its not inflation, but price gouging. We don’t even know where the meat came from. “Made in USA”? not really.
I smell money not life
George Carlin talked about this in his comedy specials he said you think you have choice but is only the illusion of choice he was targeting the oil companies but this is the same thing , just food
I eat 50% less red meat since the price went up. I sleep better and wake up easy as pie for breakfast.
As long as we keep buying it, they’ll keep doing it. 🤷♀️
Corporate GREED!!!
Corporations pass the “extra” cost to consumers so they can keep their MILLION DOLLAR ANNUAL bonuses.
Employees at all levels make it possible for Corporations that employ them to have such profitability.
So to keep it fair, employees should have Holiday pay, vacation pay, limitless sick leave, pay increase with any weather storms, natural disasters , accidental injuries, Fires, pandemics.
If corporations are in fact financially strained , then how do they have the millions to pay the fines, when they get caught. Probably passing that to the consumer as well.
For shame ❗️TRIPLE PROFITS
Well time to go Vegan 🤷🏽♀️
i run a restaurant and our cost have gone up, people think we are making money cause we are busy, the fact is we are barley getting by.
cost have doubled and tripled on some products we need and use.
they say it is inflation, and supply chain issues, but the major corporations who run the meat industry are making record profits.
i have never seen chicken prices so dang high, like it is 3X more costly per pound of white meat chicken compared to before the pandemic started.
i can’t raise my menu prices by 3X.
It’s price fixing. The farmers are going broke. The industry is also affected by foriegn actors. Break up these companies. Limit foriegn actors. Tax those profits.
this is nothing just wait until there is no more meat then it will hit the fan.
I bet all those companies donate Red 🙄
Greed has no end
fuel has a hugh role why everything is up period.
Great! Fish and vegetarian dishes are high on my list now😆
Bidenomics you got what you voted for
You need to be ready to pay fair prices to the ranchers, get higher quality for a higher price, and buy locally.
How can you just “slip in” – “the demand for meat went up during Covid”? I don’t really sense that? Something is off on this part of the calculation?
They don’t care about people or cows but the stockholders get rich
But they pay the ranchers peanuts, for their hard raised cattle. Lord please give the little guys a nice buck for our effort and honesty.
Thanks Biden
Time to add more vegetarian meals to my menu
Thank you Biden on this issue !!
Meat strike stop eating meat
Boycott red meat, better for you and the planet
Who cares, they will give more food stamps now
Capitalism : The greedy taking advantage of the needy 👁
Buy from your local butcher shop. screw these corporations!
https://youtube.com/shorts/UHKF4TiU87k?feature=share
Why is the meat industry so consolidated you ask?? USDA inspections and regulations definitely don’t help small processers compete..
U f nuts running the country war is essential or shelter & food
Simple ! Don’t eat meat !
Then a moron for the big 4 says being big keeps the prices down. They just got through tell us how they’re profiting off the pandemic by 300%! Thats now really keeping the prices down.
That’s why my friend grows his own chickens for eggs and meat..
And now goats for milk !! He’s happy..
Now Turkeys and something else…
Don’t buy meat. It’ll save you from going into the hospital when you get older. Beef, red meat and pork causes a multitude of health issues when you consume it over a long period of time.
america look fked up than any communist country 😂😂😂😂😂😂
The Biden Regime has it’s economic boot on the necks of the American People
… ( JOHN ) 8 : 44.. Ye are of your father the devil, and the lusts of your father ye will do. He was a “MURDERER” from the beginning, and abode not in the truth, because there is no truth in him. When he speaketh a lie, he speaketh of his own : for he is a liar, and the father of it.
Biden almost had it right.. he should have just said “capitalism is exploitation”
Notice they don’t show us what actual profits are? This is just media trying to protect Biden. Of all the existing dollars on the books, how many were created in the past year? What we’re seeing is smart business getting ahead of the curve. Prices are going to continue to rise, and special interest are going to continue to pretend to have the answers
I’ll remember these companies when I buy meat ! Real easy to get home grown beef and forget big companies .Hope everyone follows suit !
american companies
have the green flag
for gouging.
A Dollar Bag of Sausage at walmart is like 9 bucks now, almost 10
The nation wide lack of employees is actually 1 of the means a company can make more money for same amount of work and they tell companies the supply is low due to lack of workers thus jack up the price just stop buying meat
Don’t eat meat.
Famine and war are coming as prophesied in Bible! Repent and turn to the Most High and seek salvation through Yeshua Messiah who takes away our sins and transforms and sanctifies us to receive salvation! May His Spirit be upon you. Give Him glory in all situations!
This is late stage Capitalism at its most robust….
Meat up 20%, Brandon’s polls down 20%. Sounds right to me.
“Consumers have little choice in the matter.”
Eat some goddamned beans. Companies love money. This is literally how America works.
America’s big company alway talk full control.
I wouldn’t be surprised if people started hunting themselves to provide for their families. And it makes sense
Same with car & truck batteries. .
Four or five. Own the market. .
Greed…just like oil companies
Monopolies
Well I don’t eat meat. Lbs
Doesn’t most meat get grown in Argentina etc?
Corporations making up bs to take more of people’s stimulus money, beside taking the PPP loans.
That stalinist Joe Biden and the stalinist Democrat party are responsible for high prices and empty store shelves. In all my 57 years on this earth, I’ve never seen this country in such a bad condition. It’s being purposely destroyed by the authoritarian Democrat party.
The magas will simply blame Biden, like usual. Facts don’t matter, and fact is, it is greed of the already rich getting richer
Capitalism is filth, an economic system should be for the benefit of all the people, not to make rich pigs richer.
havent bought beef really ever in a long time cuz prices are stupid…… pork on the other hoof has stayed cheap so thats what ive been buying as of late and i’m okay with that. a 1 pound pork steak for just $3.99 a regular price right now! that i can very much live with!
Every major company is recording record profits. 💰
Buy local
You see, these are the folks affecting your lives everyday … not blacks … these are the folks your quality of life
Stop buying meat for a while