Meat packers' profit margins jumped 300% during pandemic - White House

[mahatmakanejeeves]

David Weigel Retweeted

We took a look at the most recent earnings statements and earnings calls of the big meat processing companies, and here's what we found: they are raising prices far more than any cost increases they're facing, resulting in skyrocketing profit margins.

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Meat packers' profit margins jumped 300% during pandemic - White House

[Sherman A1]

1. Gee, what a surprise.........

Greed and more Greed.

[WHITT]

2. Yep

Pointed out their price-gouging last month. Farmers reported their sale prices haven't changed, and grocers operate on tiny margins, so the only place remaining in that supply-chain are the meat packers.

They tried to claim that their various expenses went up, but not by 300%.

Bastards.