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Economy
White House blames the beef, pork and poultry industry for 50% of grocery stores price rises and announces crackdown on meatpacking 'pandemic profiteering'
2021-09-09
[Daily Mail, where America gets its news]
  • The Biden administration plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores

  • National Economic Council Director Brian Deese and Agriculture Secretary Tom Vilsack appeared at Wednesday's press briefing

  • About half of the overall increase in grocery prices are coming from significant hikes in the cost of beef, pork and poulty, Deese said

  • Four companies control much of the U.S. meat processing market, and White House officials blamed those companies for rising food prices

  • He and Vilsack outlined some of the steps the adminitration is taking to mitigate what Deese called 'pandemic profiteering' from the top companies
Nothing about regulatory strangulation reimposed, feed prices, seed prices, trucking costs, gas prices...
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