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How 4 companies control the beef industry
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<blockquote data-quote="HDRider" data-source="post: 1706538" data-attributes="member: 17025"><p>More from the video</p><div style="margin-left: 20px">USDA looked at what's called a "price spread," which measures the difference between what processors pay for live cattle and what they charge wholesalers and retailers for a standard box of beef products. Effectively, it's a measure of the meatpackers' cut of profits, which can contract and expand depending on supply from producers and demand among consumers. For reference, the average price spread between 2016 and 2018 was $21 per one hundred pounds, USDA notes. By the second week of May this year, price spread had spiked to $279 per hundred pounds.</div> <div style="margin-left: 20px"></div> <div style="margin-left: 20px">Bradley S. Lyle, chief financial officer of Kerns and Associates, which conducts meat market research and analysis. "Profit margins increased substantially."</div> <div style="margin-left: 20px"></div> <div style="margin-left: 20px">The steepest increase took place within that time, when the spread spiked from $66 per one hundred pounds to over $279 per hundred pounds. "Beef packers have had good margins for the past two to three years, but this tripled it," Lyle says.</div> <div style="margin-left: 20px"></div> <div style="margin-left: 20px">[URL unfurl="true"]https://thecounter.org/beef-packers-profit-margins-reached-historic-levels-covid-19-plant-shutdowns/[/URL]</div></blockquote><p></p>
[QUOTE="HDRider, post: 1706538, member: 17025"] More from the video [INDENT]USDA looked at what's called a "price spread," which measures the difference between what processors pay for live cattle and what they charge wholesalers and retailers for a standard box of beef products. Effectively, it's a measure of the meatpackers' cut of profits, which can contract and expand depending on supply from producers and demand among consumers. For reference, the average price spread between 2016 and 2018 was $21 per one hundred pounds, USDA notes. By the second week of May this year, price spread had spiked to $279 per hundred pounds.[/INDENT] [INDENT][/INDENT] [INDENT]Bradley S. Lyle, chief financial officer of Kerns and Associates, which conducts meat market research and analysis. "Profit margins increased substantially."[/INDENT] [INDENT][/INDENT] [INDENT]The steepest increase took place within that time, when the spread spiked from $66 per one hundred pounds to over $279 per hundred pounds. "Beef packers have had good margins for the past two to three years, but this tripled it," Lyle says.[/INDENT] [INDENT][/INDENT] [INDENT][URL unfurl="true"]https://thecounter.org/beef-packers-profit-margins-reached-historic-levels-covid-19-plant-shutdowns/[/URL][/INDENT] [/QUOTE]
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