These companies now have an unprecedented ability to wield market power and influences price influence prices paid for cattle, definitely more so than if we had greater competition. On top of that, Half of these meatpacking giants, including the largest meat packer in the world, are either foreign owned or have significant foreign ownership and control. making them a threat not just to our cattle producers, but a threat to America itself. And as time has gone on, it becomes more and more clear that food security is truly national security. (09:49–10:00)
CLAIM
Asserts that half of the major meatpacking companies have foreign ownership.
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