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Netflix Inc. delivered a slew of hits in the fourth quarter, with “Red Notice” and “Don’t Look Up” among its top three most-watched movies ever. But quarterly results underscored why programming success no longer automatically translates to a level of subscriber growth once common for the streaming giant.
In 1977, the largest four beef-packing firms controlled just 25% of the market, compared with 82% today. The market share of the big four — JBS SA, Cargill, National Beef and Tyson – has given them outsize power in setting beef prices.
Breaking news headlines about Retail Meat Prices, linking to 1,000s of sources around the world, on NewsNow: the one-stop shop for breaking news
The Biden administration’s plan to support smaller beef processors is a good start, but keeping prices in check will require tougher anti-competitive measures.
The Biden administration desperately needs a win on inflation, and cutting the price Americans pay for beef would have an immediate impact on most families.