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the packer is good for the producer, obviously they believe today would trickle down and it never happened. problem lie necessary manufacturing sector thf multi segmented beef supply chain, lies with the meat packers, foreign meat packers controlling 85% of the market. todd: to the mom creating her grocery list and trying to buy beef for her family, when she looks at you and says why is it so expensive? because the packer is making too much money. we are not getting it, the producer is being exploited in the united states and the u.s. consumer. todd: that is the key takeaway, guto stores, especially with summer barbecue season around the corner and spend more than you did last year and last year was more than the year before. if you think those guys are getting the money, they are not, it is going to meat conglomerates, two are foreign owned, we have a problem in the
we have lost over half a million cattle producers from our industry just in the past few decades and that hasn t phased them. the only reason they are interested in this today is because consumers went to the grocery stores here a couple years ago and found the beef shelves elm tinchts she was saying do you realize it s over $5 for a pound of hamburg early meat? $5? todd: when you hear the president say a few weeks ago i don t know beef was this high? how confident can you be that he understands the scope of the problem. that s frustrating and belief in washington that s what is good for the packers is good for the producer because obviously they believe that there would be a trickle down theory in effect? it s never happened. the problem lies in the manufacturing sector of this multisegmented supply chain it lies with the meat packers. it lies with foreign meat packers controlling 85% of the market. todd: the mom out there creating grocery list and trying to buy feed for her fam
what do you tell her. because the packer is making too much money. we are not getting it the producer is being exploited in the united states as well as the u.s. consumer. steve: the next to last guy is kind of saying what the administration has been saying where these big producers, these big beef packers are gouging people. odded to the way it works four meat packers two of which are brazilian owned. they are charging exorbitant prices that we all pay for our meat. but then those profits aren t getting to these guys that we interviewed. they are getting squeezed. so the four major meat packers are the ones making all the money. nevertheless, yes, joe biden may be right in that regard. but that ignores the fact that, look, these guys are paying a lot mores it for gas, they can t find labor those are all problems caused by the administration. steve: indeed. todd, thank you very much. ainsley: thank for going out there. steve: beautiful country. ainsley: just gorgeous.