A new economic study makes the case that concentrated market power helped corporations pull off pandemic price hikes and reap record profits.
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Last week, a group of organizations representing meatpacking workers filed a civil rights complaint with the USDA against dominant meatpackers. The Title VI Civil Rights Act complaint alleges that Tyson Foods’ and JBS’s response to COVID-19 had a disproportionately harmful, disparate impact on their employees of color.
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A group of farmers and ranchers last week joined the leading meatpacking workers’ union to demand greater protections for meatpacking workers, acknowledging a shared fight against mistreatment by large meatpackers in the wake of COVID-19.
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COVID-19 has upended America’s food supply. With the loss of big buyers in restaurants and school districts, farmers without a place to sell their foods are dumping milk, tilling crops back into the ground, and euthanizing egg-laying hens.
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Wholesale beef prices have jumped to record levels, as shoppers stockpile meat in response to the global coronavirus pandemic. But this run on beef isn’t helping cattle ranchers. On the contrary, cattle prices have plummeted since January, putting many ranchers on the brink of collapse.
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