re: Ranchers Across Country Raise Over $300 Million To Build Beef Plant to Compete

Four companies currently hold over 80% of the U.S. beef market at 24 plants.

The Ranchers are tired of getting screwed . The price of cattle, despite the rising cost of meat, continue to decline.

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I don’t understand who they are competing with. Industry power?

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There’s a huge gap between price on the hoof and price in the box. There are basically 3-4 companies controller slaughter - box meat and they set the price for live cattle (market cattle). Ranchers looking to get some pricing power.