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0.000176429075511735 0.00105857445306991 0.00176429075511647 0.00176429075511647 0.00176429075511647 0.00176429075511647 0.00176429075511647 0.00176429075511647
Stock impact report

Meet the 4 meat empires Biden says are unreasonably jacking up prices for Americans January 6, 2022 9:45 PM GMT+1 [Fortune]

Pilgrim's Pride Corporation (PPC) 
Last pilgrim's pride corporation earnings: 4/29 05:12 pm Check Earnings Report
US:NYSE Investor Relations: ir.pilgrims.com/investor-relations
Company Research Source: Fortune
The four major meat companies in the U.S.—Cargill, and National Beef Packing—control 55% to 85% of the hog, cattle and chicken markets. of contributing to inflation by raising prices while generating record profits. "Capitalism without competition isn't capitalism. It's exploitation," Biden said on Monday. "That's what we're seeing in meat and poultry industries now." The Department of Agriculture (USDA) will spend $1 billion from the American Rescue Plan to help independent meat processors by financing grants, guaranteeing loans, and funding worker training, said Agriculture Secretary Tom Vilsack. The federal government will also propose rules to clarify the meaning of "Product of USA" meat labels, which companies fudge by raising their cattle abroad and slaughtering them in the U.S. The net incomes of the four largest meat processors in the U.S. have surged more than 500% during the pandemic, and are at the grocery store, according to the White House. National Chicken Cou Show less Read more
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