According to USDA data, concentration for cattle slaughter of these four was only 25% in 1977 and jumped to 71% by 1992. As mentioned today, it is an astounding 85%. Notably, These four firms now own together more than 70 subsidiary companies. Today they don't own them together, but in total there are 70 subsidiary companies that are owned by these four. This has led to a frightening landscape for cattle ranchers. (08:55–09:03)
CLAIM
Asserts that the four major meatpacking firms own more than 70 subsidiary companies.
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