House Progressives Hail Biden Moves to Combat Meat Industry 'Price Gouging'

"Four giant companies control 85% of the market for meat—raking in massive profits while families pay higher prices," Sen. Elizabeth Warren Monday."I'm glad President Biden is taking steps to create a more competitive beef and poultry industry. We need to break up Big Ag and lower prices."

The White House also said it will strengthen product-labeling rules,"work to increase transparency in cattle markets so that ranchers can get a fair price for their work," and bolster worker protections. During his remarks at Monday's roundtable meeting, Biden echoed an argument advanced by a number of progressive analysts and commentators in recent days: Corporate concentration and greed are"In too many industries, a handful of giant companies dominate the market," the president said.

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Biden unveils plan to boost competition in US meat industryBiden said the US will issue new rules and $1 billion in funding this year to support independent meat processors and ranchers as part of a plan to address a lack of 'meaningful competition' in the meat sector. Don’t farmers already get enough subsidies ? Biden needs to stay out of it. Everything he does turns to shit.
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