Fact-Check: Are Meat-Packing Companies Making Record Profits?

“The four big meat packers are raking in record profits,” she wrote in a June 16 guest column for Fox News, which was co-authored by Brooke Miller, president of the U.S. Cattlemen’s Association. 

Meat Packers’ Profit Margins Jumped 300% During Pandemic – White House Economics Team

December 31, 2021 Andrea Shalal, Reuters

Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said.