'The meat processing industry is one of the worst offenders of these monopolistic, unfair practices.'
"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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