No one but Ron can gouge on the meat. holding comically large baseball bat
this post was submitted on 08 Oct 2024
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Good. The beef packers already got slapped with a FTC suit for price fixing.
Someone should sue McDonald's for the same thing. All of their prices (not just for beef) have been massively inflated for their profit. A meal there shouldn't cost $12+ (I've seen as much as $15), it's trash food. I haven't been back in a long time.
Oh the ironing
Any bets on how long it will take Fucker Carlson to start deriding McDonalds?
I don't know anything about the specifics here, but here's a 5 year graph of futures for live cattle versus beef:
https://tradingeconomics.com/commodity/live-cattle
If there's collusion to engage in price-fixing by meat packers, I'd expect to see beef prices rising without a corresponding increase in cattle prices.
Beef prices did indeed recently start rising rapidly without a corresponding increase in live cattle prices.
But on the other hand, beef prices are also a lot lower relative to live cattle prices than they were during roughly COVID-19.
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