The Big Four meat conglomerates are JBS Foods, Tyson Foods, Cargill and Marfrig. While their profits have been soaring, prices for consumers increased 12.3% from May 2021 to May 2022.
"The four big meat packers are raking in record profits," she wrote in a June 16for Fox News, which was co-authored by Brooke Miller, president of the U.S. Cattlemen’s Association.
We fact checked Spanberger’s claim about profits and found it is correct. Top executives of the four major meat packing companies have that they are not fixing prices, saying their record profits are instead the result of unusual economic circumstances brought on by the coronavirus pandemic.
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