Big Meat hits back at Biden administration for blaming inflation on industry

Delancey Strategies president Jared Levy and Kingsview Asset Management CIO Scott Martin debate whether the Fed knows how to respond to price surges and inflation concerns. Big Meat’s got some bite. A trade group that represents the nation’s meat processors, including JBS USA, Cargill and Tyson Foods, blasted the Biden administration Tuesday for accusing the industry of “pandemic profiteering” — saying the government “refuses to acknowledge” the real problem.In a letter to US Department of Agriculture Secretary Thomas Vilsack, the North American Meat Institute said surging prices were a result of a nationwide labor shortage — not consolidation of the meat industry.FATBURGER, JOHNNY ROCKETS PARENT: LABOR ‘CRISIS’ A ‘TOTAL NIGHTMARE’ “The Administration cannot ignore the fundamental principles of supply and demand,” Anna Potts …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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