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Last post 2 years ago by Dg west deptford. 21 replies replies.
It is everyone else's fault
Burner02 Offline
#1 Posted:
Joined: 12-21-2010
Posts: 12,861
‘Corporate Greed’: Psaki Blames Big Meat For Soaring Food Prices

White House Press Secretary Jen Psaki blamed corporate greed on Tuesday when asked about the cause of soaring meat prices in the United States.

The price index for meats, poultry, fish, and eggs has swelled 12.8% over the past year. For certain products, the increase is even more pronounced. The price of beef has soared in price 20.9% since December 2020, according to Department of Labor data.

Psaki passed the blame onto “meat conglomerates” that are taking advantage of the pandemic to gouge consumers at the grocery aisle. Psaki said:

The president thinks the way people across the country, American families, digest inflation is by price increases and if you look at industry to industry, it’s a little different. So, for example, the president, the secretary of Agriculture have both spoken to what we’ve seen as the greed of meat conglomerates. That is an area where when people go to the grocery store [and] are trying to buy a pound of meat, two pounds of meat, ten pounds of meat, the prices are higher. That is, in his view and the view of our secretary of Agriculture, because of, you could call it corporate greed, sure. You could call it jacking up prices during a pandemic. There are other areas where we’ve seen increases because of supply chain issues, and we’re seeing those increases around the world as it relates to gas prices, oil supply, and things along those lines. So I would say there are some areas where we have seen corporations benefit, profit from the pandemic, and certainly the president would agree with that component.

Jen Psaki blames increases in meat prices on "the greed of meat conglomerates." pic.twitter.com/NlSXwIcUTP

— Townhall.com (@townhallcom) December 14, 2021

Psaki’s answer echoed arguments put forward by Brian Deese, director of the White House National Economic Council, in a blog post last week. After the latest Labor Department data was released, the White House published an article by Deese blaming meat packers for the skyrocketing prices.

“The November Consumer Price Index data released this morning demonstrates that meat prices are still the single largest contributor to the rising cost of food people consume at home,” Deese wrote. “[J]ust four large conglomerates control approximately 55-85% of the market for pork, beef, and poultry, and these middlemen were using their market power to increase prices and underpay farmers, while taking more and more for themselves.”

The North American Meat Institute, an industry trade group, released a response to the blog post hitting the Biden administration for passing the blame for rising meat prices and covering for rampant inflation that has hit the U.S. economy on the heels of the federal government’s trillions of dollars-worth of aid packages over COVID-19.

“The White House Economic Council is again demonstrating its ignorance of agricultural economics and the fundamentals of supply and demand,” said Julie Anna Potts, the institute’s president and CEO. “This argument is simply a rinse and repeat of their September attempts to blame meat and poultry companies for inflation that is not limited to food, but is being felt across the economy.
JadeRose Offline
#2 Posted:
Joined: 05-15-2008
Posts: 19,525
[quote=Burner02] Psaki Blames Big Meat For Soaring Food Prices

/quote]



What? This is bullsheet. I didn't do anything
HockeyDad Offline
#3 Posted:
Joined: 09-20-2000
Posts: 46,065
Sounds like we need to nationalize the “meat conglomerates”.
RMAN4443 Offline
#4 Posted:
Joined: 09-29-2016
Posts: 7,683
HockeyDad wrote:
Sounds like we need to nationalize the “meat conglomerates”.

isn't FrankieT the head(pun intended) of the "MEAT" conglomerate???Think
MACS Offline
#5 Posted:
Joined: 02-26-2004
Posts: 79,593
Yeah... "big meat" much like "big oil" will make less off of a sale than the gov't makes.

The emperor has clothes, but he damn sure doesn't dress himself.
rfenst Offline
#6 Posted:
Joined: 06-23-2007
Posts: 39,100
Anyone look back a year and a half plus when we were looking at a recession or depression like none before to see whether farmers reduced their herds in including anticipation of historical trends and concern about not being able to sell them off profitably, and may have cut their production drastically in anticipation? I cannot believe this isn't a factor too. That is part of what happened in the poultry industry. My guess is that this will all come to supply finally ramping up to meet demand within the next 1-2 years as you just can't produce more meat without allowing more animals to grow out.
RayR Offline
#7 Posted:
Joined: 07-20-2020
Posts: 8,796
The most predictable progtard ploy, when things go wrong with their economic central planning and costs skyrocket, blame it on imaginary price gouging capitalist bogeymen.
HockeyDad Offline
#8 Posted:
Joined: 09-20-2000
Posts: 46,065
rfenst wrote:
Anyone look back a year and a half plus when we were looking at a recession or depression like none before to see whether farmers reduced their herds for several reasons, including anticipation of not being able to sell them off profitably and may have cut their production drastically in anticipation? I cannot believe this isn't a factor too. That is part of what happened in the poultry industry. My guess is that this will all come to supply finally ramping up to meet demand within the next 1-2 years as you just can't produce more meat without allowing more animals to grow out.



Your Biden loving apology is accepted.
rfenst Offline
#9 Posted:
Joined: 06-23-2007
Posts: 39,100
HockeyDad wrote:
Your Biden loving apology is accepted.

Apology? No.
Love for Biden? No.
Further possible explanation and a point in the right direction if a reader wants to learn more. Yes.
Bite me.
HockeyDad Offline
#10 Posted:
Joined: 09-20-2000
Posts: 46,065
rfenst wrote:
Apology? No.
Love for Biden? No.
Further possible explanation and a point in the right direction if a reader wants to learn more. Yes.
Bite me.


“I say to you that this night, before the rooster crows, you will deny me three times.” ~ Joe Biden
Speyside2 Offline
#11 Posted:
Joined: 11-11-2021
Posts: 2,304
The spin doctors be spinning. Supply and demand sets price. Of course our government could intervene and cause no supply do to no profit possible. PROBLEM SOLVED!!!
rfenst Offline
#12 Posted:
Joined: 06-23-2007
Posts: 39,100
HockeyDad wrote:
“I say to you that this night, before the rooster crows, you will deny me three times.” ~ Joe Biden

Huh?
I read the religious reference and context, but still don't get what you mean.
rfenst Offline
#13 Posted:
Joined: 06-23-2007
Posts: 39,100
Aggregation of wealth and industry is to be expected with capitalization. Complaining about it or complaining about an industry's losses and profits is antithetical to it. (However, we have admittedly, historically at times put limits on certain huge capitalistic industries by breaking up companies and prohibiting takeovers and mergers (anti-trust), and sometimes even controlling prices, when deemed to be for the greater good of the country.) Either is the last thing we need right now in the meat market. If it can't make huge profits it won't maintain the capacity to produce the meat at prices everyone wants. And, there won't be the possibility of future price stability (or the remote possibility of any real price reduction) until supply equals or exceeds demand again. I am viewing shortages and price increases as more of a supply problem (for many reasons) in the short-run right now, though I don't deny the money pumped into the economy is also a factor. I have said it before: some inflation is not always bad. Pumping money into the economy is not always bad either. I am viewing the present economy as doing OK- all recent things considered. I base this on the fact that low interest rates are still being projected into the mid and long-term and the stock market still has/is doing people right...
deadeyedick Offline
#14 Posted:
Joined: 03-13-2003
Posts: 16,957
rfenst wrote:
Aggregation of wealth and industry is to be expected with capitalization. Complaining about it or complaining about an industry's losses and profits is antithetical to it. (However, we have historically) at times put limits on certain huge capitalistic industries by breaking up companies and prohibiting takeovers and mergers (anti-trust), and sometimes even controlling prices, when deemed to be for the greater good of the country. Either is the last thing we need right now in the meat market. If it can't make huge profits it won't maintain the capacity to produce the meat at prices everyone wants. And, there won't be the possibility of future price stability (or the remote possibility of any real price reduction) until supply equals or exceeds demand again. I am viewing shortages and price increases as more of a supply problem (for many reasons) in the short-run right now, though I don't deny the money pumped into the economy is also a factor. I have said it before: some inflation is not always bad. Pumping money into the economy is not always bad either. I am viewing the present economy as doing OK- all recent things considered. I base this on the fact that low interest rates are still being projected into the mid and long-term and the stock market still has/is doing people right...


I doubt many people on a fixed income or living on the meager rate they can make from their savings and not in the stock market would agree.
DrMaddVibe Offline
#15 Posted:
Joined: 10-21-2000
Posts: 55,301
MMMMM...MMMM...MMMMM...everybiden sign up for their free impossible burger now!

Git yer grub on.

Free mask with every purchase.

Must present vaccination passport for in house dining, this offer is not possible at all drive-thru lanes.
rfenst Offline
#16 Posted:
Joined: 06-23-2007
Posts: 39,100
deadeyedick wrote:
[/h]

I doubt many people on a fixed income or living on the meager rate they can make from their savings and not in the stock market would agree.

I agree.
Mr. Jones Offline
#17 Posted:
Joined: 06-12-2005
Posts: 19,359
I got some BIG MEAT FOR THAT REDHEAD PSAKI...
AND SHE CAN "CIRCLE BACK AROUND" ON ITS HEAD ...
AS MUCH AS SHE WANTS , FOR AS LONG AS SHE WANTS.
Whistlebritches Offline
#18 Posted:
Joined: 04-23-2006
Posts: 22,127
I live in the heart of some of the biggest cattle country in America............ Ranchers and farmers still getting about a $1.30 per lb on the hoof,nobody is scratching their heads more than them.One of the guys I work with is involved in a family operation of about 300 head.........I showed him a pic from last week in grocery store,major chain,prime rib $27 a lb.His jaw is still bumping the ground.

Up until a few months ago I could get prime t-bones and ribeyes cut to order for around $7 a lb.WTF happened..........now same deal is $11-14 a lb
rfenst Offline
#19 Posted:
Joined: 06-23-2007
Posts: 39,100
Whistlebritches wrote:
I live in the heart of some of the biggest cattle country in America............ Ranchers and farmers still getting about a $1.30 per lb on the hoof,nobody is scratching their heads more than them.One of the guys I work with is involved in a family operation of about 300 head.........I showed him a pic from last week in grocery store,major chain,prime rib $27 a lb.His jaw is still bumping the ground.

Up until a few months ago I could get prime t-bones and ribeyes cut to order for around $7 a lb.WTF happened..........now same deal is $11-14 a lb

Is their cattle contracted months or longer in advance for an exact, guaranteed price per pound that binds them to deliver quantitee on schedule? Does the buyer guarantee the price no matter what? Just curious...
Whistlebritches Offline
#20 Posted:
Joined: 04-23-2006
Posts: 22,127
rfenst wrote:
Is their cattle contracted months or longer in advance for an exact, guaranteed price per pound that binds them to deliver quantitee on schedule? Does the buyer guarantee the price no matter what? Just curious...



No.most go thru an auction house at the owners discretion.The owner controls opening bid and that's about it.I have seen some cattle that go unsold early reenter the arena at a lower starting bid.We do have a few ranchers that guarantee slaughter houses with X amount per year but the prices are an average of similar quality sold in the last 30 days.The guarantee of X amount guaranteed at a certain price is almost unheard of here............maybe other parts of the country.The market here is relatively stable so those guaranteed prices usually end up well below market.
Dg west deptford Offline
#21 Posted:
Joined: 05-25-2019
Posts: 2,836
Rancher I Play poker with is buying cows to winter
Money is up
Good thing he grew all that alfalfa
Good thing he bought equipment to clear Forrest
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