Page 3 - Meat Processing Industry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As much of a focus. you got into the issue of the consolidation problem. some of the medium to long-term problems in the meat processing industry. but it seems like the biggest problem we're all facing right now is a labor shortage. what in this plan short term can help with that? >> well, i think two aspects. in the plan itself $100 million that will be allocated to workforce development to make sure that we can adequately staff more processing capacity. with more processing capacity, we'll have more choice and more opportunities in the grocery store that should help moderate and lower prices...

Law-abiding citizens are tired of being told that the biggest threat that they face is the unmasked, on facts, and the omicron variant. it's a violent homicides in the streets. >> trace: the efforts that we are seeing in los angeles and in san francisco. do you see this going forward in other states around the country? >> there is such an extraordinary amount of money. as you know, guys like larry krasner, limitless funds. in these off your elections and recall elections, they're not as organized. maybe they can go forward. i hope they do. i'm pulling for. >> trace: chris stigall, great to hav...

Winners for economics say it will ease long-term inflationary pressure. the bottom line, if price increases are what you're worried about, the best answer is my build back better plan. third thing we're going to do, promote competition. look, in too many industries, a handful of giant companies dominate the market in sectors like meat processing, railroads, shipping and other areas. this isn't a new issue. it's not been the reason we've had high inflation today. it's not the only reason. it's been happening for a decade. but over time, it has reduced competition, squeezed out small businesses ...

That's why 17 nobel prize winners for economics say it will ease long-term inflationary pressure. the bottom line, if price increases are what you are worried about, the best answer is my build back better plan. third thing we are going to do, promote competition. look, in too many industries a handsful of giant companies dominate the market in sectors like meat sproesing, railroad shipping and other areas. this is not a new issue. it's not the reason we have high inflation today. it is not the only reason. it has been happening for a decade. but over time, it has reduced competition, squeezed...

>> 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, couldn't keep up with americans consuming more meat during the pandemic. >> the present divide between live cattle and box feed prices is not the result of a consolidated industry, lack of competition, or the cash markets. the conc...