- A Texas rancher is gaining attention for highlighting the difficulties faced in the cattle industry, characterized by razor-thin profit margins.
- There is a focus on the impact of the “big four” meatpacking companies, whose practices are under federal scrutiny for their influence on the market dynamics.
- This scrutiny comes at a time when the United States is experiencing its smallest cattle herd in 70 years, which has been affecting supply and pricing.
- The situation has been exacerbated by record-high beef prices, adding to the financial pressure faced by cattle ranchers.
- The Texas rancher welcomes former President Trump’s attention to these longstanding economic challenges within the cattle industry.
- The attention aims to bring about changes that could alleviate some of the financial strain on ranchers by addressing concerns about fairness and competition in the meatpacking sector.
Source: https://www.foxnews.com/politics/texas-cattle-country-one-rancher-welcomes-trumps-focus-decades-thin-margins)
