Page 13 - Meat Processors News Today

>> reporter: of course, the pandemic raised prices in many industries. >> but in the meat industry, those effects were exacerbated by the lack of competition up and down the supply chain. the takeaway message should be clear. a concentrated food supply chain is a vulnerable food supply chain. >> reporter: executives say the industry, hit hard by covid and inflation, couldnt keep up with americans consuming more meat during the pandemic. >> the present divide between live cattle and box feed pric...

Opportunity ahead of us to further progress -- make progress where weve -- beyond what weve already made. look, the house of representatives just passed a few minutes ago, just before i walked over here, to provide $90 billion, over $90 billion for research and development, manufacturing and all those elements of the supply chain needed to produce end products right here in america. so we can keep delivering more announcements like the one weve had this past few weeks. another way were boosting ...

Because we have a great opportunity ahead of us to further progress and make progress beyond what weve already made. the house of representatives just passed a few minutes ago before i walked over here to provide $90 billion, $90 billion for research and development, manufacturing and all of those elements of the supply chain needed to produce products right here in america. so we can keep delivering more announcements like the one weve had these past few weeks. another way we are boosting our e...

>> its not as many things on the shelves. >> reporter: the biden administration is working to ease inflation accusing some of the largest meat processors of rising prices to drive up profits. experts are suggesting more grocery price hikes in the months ahead. >> we have to be strategic and intentional. >> reporter: she runs a blog about cooking on a budget. >> look for sales flyers before shopping. join store loyalty programs and plan males around cheap filling items. >> every time you throw a ...

People. we are not that dumb. you know, when he goes out there and says basically im responsible for all of this. we dont agree. and when he goes out there and says well, you know, you are paying more at the pump and paying more for meat well, because its the oil companies or the meat processors, we dont get that either. we know what its a result of. too much money chasing too few goods. >> all right. you can get drunk now. we have got to rub. will cain and m.c. rove. screaming moms, panty hose ...

Warehouses, processing facilities. production dropped 8% in just a week with staff sick and quarantine teed. distributors are cutting orders to some grocery stores by 20% to 40%. >> its been whack a mole, one item one day and a completely different segment the next. >> reporter: demand for groceries keeps surging with people stuck at home and inflation at a 39-year high. >> a lot of times youre limiting with what you can get. >> a recent survey found 37% of customers are very concerned about sho...

That the short run job on inflation hes going to lead to the fed. most of the things that hes calling for, a bunch of them require congressional approval, like, were going to cut your health care cost, and you childcare cost those. those are things i have to pass legislation. if they release oil from the strategic petroleum reserve, that can have some immediate impact, but it wouldnt be -- but, it would be on the margin. >> hes also unhappy about price gouging, monopolistic behavior. he was talk...

The Detroit Lakes business won a first place Minnesota Association of Meat Processors award for a sweet summer sausage containing wild rice, maple syrup and other unique ingredients. The business also took home awards for its bacon, smoked pork, and other specialty meats.

A Canadian non-profit intends to sue major beef producers for allegedly colluding to fix beef prices.

The U.S. Department of Agriculture (USDA) has announced (March 28, 2022) the launch of the Meat and Poultry Pr...