KNTV NBC Nightly News With Lester Holt January 23, 2022 01:45:00
Claims. >> reporter: the price of beef is up 20% from this time last year. ground sirloin is more than $5 a pound. why? well, from the cost of packaging to the cost of growing feed, every part of the supply chain is more expensive. but president biden also blames industry consolidation. >> you end up with an industry like the meat processing industry where four big companies dominate the market. >> reporter: those big four tyson, cargill, jbs, and national beef, who together control roughly 85% of all beef production in america and saw their profits triple during the pandemic >> why isn't the ...
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