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Started By
Message
re: McGovern, Warren, Lawmakers to President Biden: Use Executive Authority to Lower Food Pric
Posted on 5/23/24 at 11:53 am to thermal9221
Posted on 5/23/24 at 11:53 am to thermal9221
quote:
That’s communism.
Not exactly.
But it is government interference in the market.
Frankly, I'm surprised there isn't more support for it here, and I definitely won't be surprised if more people end up defending it as the thread goes on.
Finally, if it were Trump proposing it (and don't for a hot second think that's beyond the realm of reasonable possibility...if he'll institute a trade/tariff war, this is right up his alley), I think its support here would be a majority.
This post was edited on 5/23/24 at 11:57 am
Posted on 5/23/24 at 12:02 pm to Placekicker
quote:
See guys, all we have to do is to let the Democrats control everything, every aspect of our lives, and it will turn out swell.
It's called communism and its all they want.
Posted on 5/23/24 at 12:02 pm to Placekicker
quote:let me take one guess... the mechanism by which they will do this is by having the producers turn over all foodstuffs to the govt (don't worry, the DOJ and DHS will provide security) to the government which they will redistribute according to need not means.
“The federal government should use every possible tool to lower food prices,” wrote the lawmakers. “We believe you can exercise your executive authority to take additional action to address rising food prices without congressional action.”
Posted on 5/23/24 at 12:04 pm to Placekicker
quote:
McGovern, Warren, Lawmakers to President Biden
They can go ahead and draw up cuts to social security and SNAP any time they want
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
Posted on 5/23/24 at 12:06 pm to wackatimesthree
You do realize that comparatively to other nations we have very little regulation by government whe it comes to food? Even on the safety end. The thresholds that food conglomerates face in the US is much less than what someone in the EU or Japan would have to face on a daily basis. Some of the shite we put into our processed foods would land you some jail time in both markets. Even on the food safety end at slaughterhouses the safety regs are enforced at a minimum. The only thing we are worried about is E Coli at the slaughterhouse end and even then fines for violation are minimal in comparison.
Posted on 5/23/24 at 12:10 pm to KiwiHead
Seems like you made that up:
Net Income by year:
2023 $-648
2022 $3,238
2021 $3,047
2020 $2,061
2019 $1,980
2018 $2,970
2017 $1,774
2016 $1,768
2015 $1,220
2014 $864
2013 $778
2012 $583
2011 $750
And before you opine about 2021 and 22, it's not Tyson's fault Congress doubled foodstamp outlays and gave social secuirity recipients and "disabled" people like a 25% raise
Net Income by year:
2023 $-648
2022 $3,238
2021 $3,047
2020 $2,061
2019 $1,980
2018 $2,970
2017 $1,774
2016 $1,768
2015 $1,220
2014 $864
2013 $778
2012 $583
2011 $750
And before you opine about 2021 and 22, it's not Tyson's fault Congress doubled foodstamp outlays and gave social secuirity recipients and "disabled" people like a 25% raise
Posted on 5/23/24 at 12:15 pm to TDTOM
Maybe melty from your end as you delude yourself as to the extent that your food is manipulated. I've been in on shareholder calls and even Exec Committee calls and the lack of concern for the consumer is palpable whether it be on the cost and seeing how much they can charge because they know they effectively OWN the market to their utter unconcern to the safety end that borders on almost depraved indifference.
Posted on 5/23/24 at 12:20 pm to wutangfinancial
I'm calling bullshite on that # . Unless Tyson has decided to be altruistic they would NEVER operate at a loss and give their CEO a raise if 30% and that is what they did last year. Especially Tyson
Posted on 5/23/24 at 12:21 pm to KiwiHead
quote:How long was the largest Smithfield meats plant shut down?
You do realize that comparatively to other nations we have very little regulation by government whe it comes to food? Even on the safety end. The thresholds that food conglomerates face in the US is much less than what someone in the EU or Japan would have to face on a daily basis. Some of the shite we put into our processed foods would land you some jail time in both markets. Even on the food safety end at slaughterhouses the safety regs are enforced at a minimum. The only thing we are worried about is E Coli at the slaughterhouse end and even then fines for violation are minimal in comparison.
I guess they finally paid the right politician-extortionists... oh, sorry "contributed to" I meant to say.
Posted on 5/23/24 at 12:25 pm to KiwiHead
![](https://ml.globenewswire.com/Resource/Download/236259ea-6331-4d5b-8519-080f322854a9/earnings-2024-page-2.png)
Straight from their Investor Relation page. Here's a link to their 2023 10-K:
Tyson SEC Fillings
2023 vs. 2022 • Cost of sales increased $3,636 million. Higher sales volume increased cost of sales $444 million while higher input cost per pound increased cost of sales $3,192 million.
• The $3,192 million impact of higher input cost per pound was impacted by: • Increase in live cattle costs of approximately $2,135 million in our Beef segment.
• Increase due to net derivative losses of $117 million in fiscal 2023, compared to net derivative gains of $225 million in fiscal 2022 due to our risk management activities. These amounts exclude offsetting impacts from related physical purchase transactions, which are included in the change in live cattle and hog costs and raw material and feed ingredient costs described herein.
• Increase of $322 million due to costs associated with plant closures. • Increase of $238 million related to inventory lower of cost or net realizable value adjustments.
• Increase of approximately $36 million in our Chicken segment related to net increases in feed ingredients costs and growout expenses, partially offset by reduced outside meat purchases.
• Increase of approximately $24 million in our Chicken segment due to $11 million of insurance proceeds, net of costs incurred, in fiscal 2023 compared to $35 million of insurance proceeds, net of costs incurred, in fiscal 2022 related to the fire at our production facility in fiscal 2021. • Decrease in live hog costs of approximately $295 million in our Pork segment.
• Decrease in freight and transportation costs of approximately $175 million. • Decrease in raw material and other input costs of approximately $45 million in our Prepared Foods segment.
This post was edited on 5/23/24 at 12:30 pm
Posted on 5/23/24 at 12:27 pm to hogcard1964
quote:
He can't. It's illegal.
Sure he can, ya'll swear he can control gas prices.
![](https://images.tigerdroppings.com/Images/Icons/Iconrolleyes.gif)
Posted on 5/23/24 at 12:29 pm to KiwiHead
Dude, you have been bleeding like a stuck pig this whole thread. We get it. You want the Government to do everything for you.
Posted on 5/23/24 at 12:30 pm to TDTOM
quote:
Dude, you have been bleeding like a stuck pig this whole thread. We get it. You want the Government to do everything for you.
Meh, he's right about multinational food producers poisoning us. The FDA is owned by the companies they regulate so nothing can be done about practically speaking but it is evil.
Posted on 5/23/24 at 12:44 pm to I20goon
It had to be really bad for the FDA to come in and order the place shut. Generally, they pay a fine someone's kid gets a new car or something like that, break out the hoses and unclog the drains with sulfuric acid and wait until next time.
Posted on 5/23/24 at 12:52 pm to wutangfinancial
So they were operating at a 100% +/- loss yoy from a net aspect. How does the CEO still have a job and not working at the Springdale carwash......unless .....he issued new debt and closed some plants
Posted on 5/23/24 at 12:53 pm to AUCom96
quote:
The slow slide to state control continues.
In the USSR, if a Russian saw a long line they would get on it even not knowing what was at the other end because they knew it was something they needed or could at least trade for something they needed.
![](https://cdn.greatlifepublishing.net/wp-content/uploads/sites/4/2019/12/27180000/rf3-728x462.jpg)
Posted on 5/23/24 at 1:19 pm to Undertow
quote:
Another believer in “greedflation”. smh.
What do you believe is causing it??
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