In this file:

·         NEC Director Brian Deese: Rising Grocery Prices Normal If You Don't Count Beef, Pork, And Poultry

·         Biden administration says it’s concerned about possible ‘pandemic profiteering’ by meat processors

·         Biden administration plans tougher action to rein in meat prices

·         'America doesn't run on Tofu, it runs on real food': Republicans tear into Biden administration's plans

 

 

NEC Director Brian Deese: Rising Grocery Prices Normal If You Don't Count Beef, Pork, And Poultry

 

By Tim Hains, Real Clear Politics

September 8, 2021

 

National Economic Council Director Brian Deese responded to concerns about rising grocery prices by noting that most of the increase has been in beef, pork, and poultry prices.

 

"Fresh fruits and vegetables, the prices have actually declined since the end of last year," he noted at Wednesday's White House press briefing.

 

briefing video 0:47 min.

https://www.realclearpolitics.com/video/2021/09/08/nec_director_brian_deese_rising_grocery_prices_normal_if_you_dont_count_beef_pork_and_poultry.html

 

 

Biden administration says it’s concerned about possible ‘pandemic profiteering’ by meat processors

Industry group responds: ‘Issuing inflammatory statements that ignore the fundamentals of how supply and demand affects markets accomplishes nothing’

 

By Victor Reklaitis, MarketWatch

Sept. 8, 2021

 

Biden administration officials on Wednesday raised concerns about rising prices for meat and touted their efforts to scrutinize meat processors amid consolidation in that industry.

 

“About half of the overall increase in grocery prices can be attributed to a significant increase in prices in three products — in beef, in pork and in poultry,” top White House economic adviser Brian Deese told reporters during a briefing, adding that there has been significant consolidation.

 

“When you see that level of consolidation and the increase in prices, it raises a concern about pandemic profiteering — about companies that are driving price increases in a way that hurts consumers who are going to the grocery store, and also isn’t benefiting the actual producers, the farmers and the ranchers that are growing the product,” said Deese, whose title is director of the National Economic Council.

 

The specific actions highlighted by the administration on Wednesday included crackdowns on illegal price fixing and enforcement of antitrust laws, with the U.S. Department of Agriculture conducting an ongoing joint investigation with the Justice Department into price fixing in the chicken-processing industry.

 

The White House also said...

 

more, including links 

https://www.marketwatch.com/story/biden-administration-says-its-concerned-about-possible-pandemic-profiteering-by-meat-processors-11631130600

 

 

Biden administration plans tougher action to rein in meat prices

 

Reporting by Trevor Hunnicutt in Washington; Additional reporting by Tom Polansek in Chicago; Editing by Matthew Lewis, Reuters via Kitco News - September 08, 2021

 

WASHINGTON (Reuters) - The Biden administration plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores.

 

Four companies control much of the U.S. meat processing market, and top aides to President Joe Biden blamed those companies for rising food prices in a blog on Wednesday.

 

As part of a set of initiatives, the administration will funnel $1.4 billion in COVID-19 pandemic stimulus money to small meat producers and workers, administration aides said in the blog post. They also promised action to "crack down on illegal price fixing," White House aides said in the blog post.

 

Four companies slaughtered about 85% of U.S. grain-fattened cattle that are made into steaks, beef roasts and other cuts of meat for consumers in 2018, according to the most recent data from the U.S. Department of Agriculture (USDA).

 

The big four processors in the U.S. beef sector are: Cargill, a global commodity trader based in Minnesota; Tyson Foods Inc, the chicken producer that is the biggest U.S. meat company by sales; Brazil-based JBS SA, the world's biggest meatpacker; and National Beef Packing Co, which is controlled by Brazilian beef producer Marfrig Global Foods SA.

 

Price increases in beef, pork and poultry have driven half of the increased prices Americans have paid for food they eat at home since December, the White House said. And the administration sees those companies collecting too much profit after the stimulus helped prop up demand for their products...

 

more

https://www.kitco.com/news/2021-09-08/Biden-administration-plans-tougher-action-to-rein-in-meat-prices.html

 

 

'America doesn't run on Tofu, it runs on real food': Republicans tear into Biden administration's plans to crack down on beef, poultry and pork industries to combat rising grocery prices

 

·         The Biden administration plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores

·         Republicans have ridiculed the administration's argument for it on Twitter

·         Rep. Byron Donalds said in a statement to DailyMail.com that the rise in grocery prices is due to 'Bidenomics and the socialist spending spree in Washington'

·         National Economic Council Director Brian Deese and Agriculture Secretary Tom Vilsack appeared at Wednesday's press briefing

·         About half of the overall increase in grocery prices are coming from significant hikes in the cost of beef, pork and poultry, Deese said

·         Four companies control much of the U.S. meat processing market, and White House officials blamed those companies for rising food prices

·         He and Vilsack outlined some of the steps the administration is taking to mitigate what Deese called 'pandemic profiteering' from the top companies

 

By Elizabeth Elkind, Politics Reporter For Dailymail.Com (UK) and Reuters

9 September 2021

 

Republicans are ripping the Biden administration on Thursday over its plan to crack down on big meatpacking companies and for blaming a sharp increase in grocery prices under President Biden's watch on beef, pork and poultry.

 

It comes after the Biden administration announced plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores.

 

Four companies control much of the US meat processing market, and White House officials blamed those companies for rising food prices.

 

During Wednesday's press briefing, National Economic Council Director Brian Deese and Agriculture Secretary Tom Vilsack spoke about the actions the administration was taking to help alleviate what Deese called 'pandemic profiteering' from the top meat processing companies.  

 

'Thank you, Brian Deese, for again proving why the rest of America cannot stand coastal elites,' Rep. Byron Donalds of Florida wrote on Twitter. 'NEWS FLASH: People in REAL AMERICA are impacted by the increase in beef, pork, and poultry prices.'

 

'America doesn't run on tofu; it runs on real food.'

 

Donalds told DailyMail.com in a Thursday morning statement, 'The Biden-Harris administration needs to stop shifting the blame onto everyone for the policies they created.'

 

'The rise in beef, poultry, and pork prices amongst several other essential goods and services directly results from Bidenomics and the socialist spending spree in Washington,' the lawmaker wrote.

 

From the White House podium Wednesday, Deese blamed 'about half of the overall increase in grocery prices' on 'significant increases' in beef, pork and poultry products...

 

more

https://www.dailymail.co.uk/news/article-9974141/America-doesnt-run-Tofu-runs-real-food-GOP-tears-Biden-plan-crack-meat.html