President Biden Blasts Meat-Processing Conglomerates For High Prices
Newsy
Beef prices have jumped more than 20% over the past year, and President Biden is blaming meatpacking companies for edging out independent farmers.
President Joe Biden met virtually with independent farmers and ranchers Monday to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show his administration is trying to combat inflation.
Higher-than-expected inflation has thwarted President Biden's agenda, hurt his public approval rating, become fodder for Republican attacks and prompted Democratic Sen. Joe Manchin to cite higher prices as a reason to sideline the president's tax, social and economic programs. In November, consumer prices rose 6.8% over the prior 12 months — a 39-year high.
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