Meat-processing Oligopoly: Disruption in Inflation Worries?
from Mere Finance Hosted by Mere Finance
With inflation worries coming at 5.4% year-to-year (CPI), the United States is looking at what is driving those numbers. Meat is one of the biggest contributors to the consumer index. Meat-processor companies such as Tyson Foods are seeing record profits, while their input costs are stagnant. They have been able to increase prices heavily, citing labor shortages, union power, and vaccine mandates. In this episode, we review both sides of the coin and explore how to try breaking this industry's concentrated power.
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