And the idea is to make sure that we have fair competition in the marketplace. Back then, there were basically four major packers that had about 50% of the entire market. Today, 100 years later, four packers have a well, well in excess of 80% of the market when it comes to processing beef. What that means to consumers is that these major beef processors will then price it to your market, to your grocery, to your supermarket. (01:41–01:50)
CLAIM
Asserts that four packers control over 80% of the beef processing market.
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