Four big corporations, JBS, Hormel, WH Group (China), and Tyson control about 67% of the pork market. They made a fortune off of Covid-19. Retail prices went up, but the price farmers got paid was the same. Greedflation. Don't hold your breath waiting for the price of bacon to go down.
Tyson, Cargill, National Beef and JBS (Brazil), now control 85% of the U.S. beef market.
Tyson and Pilgrims Pride control about 45% of the chicken market.
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Mergers starting 50 years ago marked the beginning of a massive consolidation that resulted in meatpackers with nearly double the power they held 120 years ago. A century after the 1921 Packers and Stockyards Act was implemented to reign in the five firms that made up The Meat Trust – here we...
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