Our rating: Partly false.
Are consumers paying more for beef while farmers lose money?by Facebook user Rick Davis. Meat processing companies such as Tyson Foods, JBS, National Beef and Cargill are"stealing" from cattle farmers by paying less for beef while charging more to the consumer, he said.
Davis claimed that the sale price of"fat," or feeder, cattle dropped from $1.55 a pound to 91 cents a pound during an unspecified time frame. Yet corporations blame the rising cost of meat at grocery stores on shortages caused by the coronavirus outbreak, Davis wrote. "THERE IS NO BEEF SHORTAGE!! Someone is profiting huge off the backs of Farmers and sticking it to the consumer on the other end!!!? THIS IS A TRAVESTY AND NEEDS TO STOP!!" Davis wrote.The beef industry has taken a hit in recent months because of business closures, stay-at-home orders in many states and quarantines during the coronavirus outbreak., preceding shutdowns of at least 40 meat slaughtering and processing plants for several weeks.
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