Meat industry consolidation creates a costly cookout ...Middle East

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Jack Payne, opinion contributor Consumers will pay 17 percent more — or about $10 — for their Fourth of July cookouts this year, according to a marketbasket survey completed by the American Farm Bureau Federation. The largest year-to-year price increase is for the ground beef Americans will use to shape their hamburger patties. The survey found that the retail price for two pounds of ground beef is currently at a staggering $11.12, up 36 percent from last year. Ongoing supply chain disruptions, the war in Ukraine, and inflation were all cited in the survey as drivers of the rising costs, but there’s another factor to consider: corporate consolidation. Today, the “Big Four”

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Last updated : 04 July 2022 clock 11:16 PM

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Meat industry consolidation creates a costly cookout ...Middle East

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