So we are making big change to keep incentivizing the growth of our cattle herd and to get out of this current situation we're in. However, and this is the second part of what I want to talk about today, The consolidation in US Meatpacking has led to just four meat packers [controlling the market]. Jbs, a Brazilian owned company, Cargill, Tyson Foods, and National Beef, another Brazilian company. Those four companies monopolize about 85% of the U.S. processing market today. But it hasn't always been that way. (08:03–08:13)
CLAIM
Asserts that consolidation in US meatpacking has resulted in four companies dominating the market.
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