Yes, it's an artificial shortage. Ranchers are blaming the packing companies, payiing low ball prices, which is what happens when there is collusion among a handful of companies to screw suppliers.
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- Meatpacking is a concentrated industry, with the four largest firms handling 85 percent of all steer and heifer purchases and 67 percent of all hog purchases. High concentration, and its links to competition, is a focus of recent policy initiatives aimed at encouraging more competition.
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- Meatpacking industries concentrated rapidly in the 1980s and 1990s. An outpouring of research followed and found only limited evidence that high packer concentration caused reduced prices for livestock.
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- However, in recent years there is evidence of reduced competition in meatpacking, with lower prices for cattle. This evidence is reflected in sharply increased spreads between cattle prices and wholesale beef prices, the disappearance of excess capacity in packing plants, and recent entry into the industry by new packers. Entry and capacity expansion could encourage renewed competition in the industry.
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https://www.ers.usda.gov/amber-wave...-how-it-affects-competition-and-cattle-prices
After Reagan allowed wetbacks to be bussed in to bust strikes at Armour, wholesale prices went up instead of down; lower wages and the price savings are never passed on to consumers, no matter what idiot bullshit Reaganauts spread around. They rarely prosecute price fixing.