Ranchers not making money even as cattle prices surge
June 24, 2021
The big meatpacking companies are doing a big business as the prices of animal protein sources have risen during the pandemic. Ranchers, however, claim they are losing money on every head of cattle sold. Some have filed lawsuits against Cargill, JBS, Tyson Foods and National Beef claiming that the conglomerates have engaged in price-fixing. The meatpackers, which represent 80 percent of the processed beef market in the U.S., deny the allegations.
Recent News
Live Nation Addresses Unlikely Breakup Amid Looming DOJ Lawsuit
In a recent discourse addressing the specter of a Department of Justice (DOJ) lawsuit, Live Nation’s chief financial officer and president, Joe Berchtold, offered insights into the impending legal predicament.
Instacart Partners With Uber Eats for Restaurant Delivery
The two delivery giants are working together to serve customers.
California Bill Could Force Stores To Close Self-Checkouts
A California bill could change regulations on self-checkouts in stores. Some businesses may have to discontinue this service altogether.
Apple Is Developing Chips for AI Software in Data Centers, According to Reports
According to a report from the Wall Street Journal, Apple has been working on chips designed to power artificial intelligence software within data centers.