No shit sherlock... ya think?

Now file antitrust against them, Break them up into smaller companies and get foreign ownership out of Americas food supply.


https://x.com/WallStreetApes/s.../2051648113161670808

Aw crap. It's not beef. I figured it would be beef.

Chicken, turkey, and pork aren't that bad. It's beef where things are stupid expensive. Hopefully this scares the beef people.

I was looking at steaks just the other day and prices ranged from 15-25 bucks for a 1 lb steak. Hopefully severe fines and jail time for those colluding to artificially jack up prices will increase competition and drive down prices so people can afford to eat.

Two of the big four are foreign owned. This is the larger problem. Same with the pork and poultry producers. Smithfield was sold to the Chinese some years ago. The Chinese warehouses massive amounts of pork. Chinese are huge pork consumers. I no longer buy Smithfield. Their product has really lost quality.

The slaughter houses and packing plants are operated by mostly illegal immigrant labor. This became evident when Covid hit. Large amounts of those workers contracted Covid because a dozen or more lived in the same apartment. Several of the packing houses shut down due to lack of labor. Both the above are the root of the problem.

After watching The Lunatic Farmer 6 months back or so I will only buy our meat from likeminded local farms.
Found one that delivers and does not have to be a whole or half cow or hog to qualify for delivery.

That’s the problem with capitalism. When entities can amass enough power and leverage, they can exercise monopolistic powers. But it’s no surprise. I saw a presentation about the military contractors behaved. For ever major project out to bid, everyone would bid really high except for one. And each time, the lowest bidder would be different, almost as if everyone was simply taking turns.

Even without collusion, industry dynamics dictates individual company strategies and behavior.

I was a support staff in senior management meetings. Our company was number two in one area - hospitals. An area director brought up an opportunity that we can take over servicing a hospital group. The head president nixed that idea explaining that hospital group was the crown jewel of the number one company and they would empty their war chest to protect that plus go after our cash cow accounts. Competition wasn’t good for everyone’s bottom line.