Ranchers’ Ire at ‘Red-Line Level’ as Packers Pocket Beef Profits
- Cattle producers say they’re cut out of soaring beef profits
- Political momentum building for more oversight of market
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Rising anger among cattle producers and consumers as retail beef prices surge is building political momentum in Washington for greater scrutiny of the four companies that dominate the meatpacking industry.
Ranchers and cattle feeders are seething over a pattern they now consider all-too-familiar: The cost of hamburgers and steaks is soaring at the grocery store, yet the prices producers get for the animals barely budges.