Retail News
Ranchers not making money even as cattle prices surge
The New York Times 06/24/2021The 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.
Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!