MASSIVE Price-Fixing Scandal Unveiled In Meat Industry

"NEW: America’s largest meat producers are reportedly fixing prices.

Tyson, Hormel, and Cargill are using a little-known technology—Agri Stats—to share secret data and make your groceries more expensive.

It’s one of the biggest conspiracies in corporate history."

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240821__TA02MeatIndustry

[jhmyersii]

We can't enact price controls, but corporations can engage in price fixing. Sounds fair.

[HannibalTheDragon]

Price gouging in the food industry has been going on for decades but totally went out of control during and after Covid

[sharazar]

The fact that about 12 companies owns most every product in the store should be proof of their monopolizing the markets. Corporate Greed

[rogernull]

I'm a small time landlord. My tenants are human beings. Good tenants are not easy to find. I could raise the rents, but several tenants are struggling as it is. And although I'd like more $ for me, I'm doing ok.

Corporate ownership of rental property and lack of competition in the food biz is what's causing inflation. Teddy Roosevelt was the "Trust Buster." We need to break up these large companies like he did.

[mindscourge]

This is America. No one in corporate world goes to jail. They get bonuses and bailouts.

[handsuporillshoot]

In the 50’s you could to buy a home and raise a family with one single salary from a factory job… today, you’ll be lucky if you can even afford the rent for a single sleeping capsule or a single studio apartment that doesn’t have a bedroom. We are BEYOND “price gouging” at this point!

[corneliusantonius]

I told you The Monopolies have gotten out of control in America.

[keliarmstrong]

Like how Walmart used the lie that they were trying to "reduce wasteful packaging", and a $9.00 package of chicken breasts was 8 pieces. Now you get 6 or 7, pumped full of water to make them weigh more, and they charge $13 or more. And just yesterday, milk went up to $4 a gallon, and eggs are $5 a dozen?

[zgjfinance]

Creating monopolies without having to merge

[marilynmatos]

Thank you, Anna for bringing this awareness. This is horrible and that's why we need change agents. We should stop buying meat for 30 days and see how they scramble.

[BillOakley-tw]

Hey I was a meat cutter at the retail level for 20+ years I'd love to sit down and explain how bad big box stores are screwing us.
Way more than willing.

[teresaburgess]

Kamala Harris is looking into this also. Republicans are tearing her apart for her concern. Food, rent meds, this is crazy.

[ypcomchic]

If all Americans stop eating out, stop buying meat, or getting gas for a week it will hit these price gouging companies hard. Problem is people don’t stop paying the high prices.

[rachellemuller]

I live in Orlando. I rented an approx. 500 sq ft studio in 2021 for $899. I check to see what the price for rent now 2024 for the same apartment it is $1, 500. It makes no sense! I would be homeless if I didn’t have someone to rent from with a mortgage.

[newtonrecord]

Auto Insurance companies must also be price fixing because all insurance rates are expensive.

[thetruth]

This makes sense because the really older landlords probably aren’t using this technology. Most apartments are like $800 but if you go through a private older Landlord, it’s like half that price this makes sense.

[Jbench]

Price fixing has been around for a long time now. Greed is a mf.

[jame]

Why has nobody talked about realty companies making profits off application fees from renters that will never get into a home instead of getting people into homes and making the profit off the rents?

[Tossing_Lures]

That tuna fishing show documented how the commercial buyers stopped buying tuna on certain days of the week during Covid to keep the price high. They all agreed to follow the agreed upon days and conspired to keep prices high also.

[genodelgado]

On a truckload worth $100, 000 the trucker only gets $1.80 per mile and the lane milage is normally between 500 to 1500 miles. How much do these companies make on that 100 thou load?. And the driver gets peanuts after maintenance, insurance, and fuel costs are met. They are robbing everyone down to the consumer.