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"The marketplace is fundamentally broken," one rancher explained.
Even as US beef prices have continued to surge, American cattle ranchers have come under increased financial pressure—and a new report from More Perfect Union claims that this is due in part to industry consolidation in the meat-packing industry.
Bill Bullard, the CEO of the trade association R-CALF USA, explained to More Perfect Union that cattle ranchers are essentially at the bottom of the pyramid in the beef-producing process, while the top is occupied by "four meat packers controlling 80% of the market."
"It's there that the meat packers are able to exert their market power in order to leverage down the price that the cattle feeder receives for the animals," Bullard said.
To illustrate the impact this has had on farmers, Bullard pointed out that cattle producers in 1980 received 63 cents for every dollar paid by consumers for beef, whereas four decades later they were receiving just 37 cents for every dollar.
"That allocation has flipped on its head because the marketplace is fundamentally broken," Bullard told More Perfect Union.
Angela Huffman, president of Farm Action, recently highlighted the role played by the four big meatpacking companies—Tyson, Cargill, National Beef, and JBS—in hurting US ranchers.
Writing on her Substack page earlier this month, Huffman zeroed in on Tyson's recent decision to close one of its meatpacking plants in Lexington, Nebraska to demonstrate the outsize power that big corporations have over the US food supply.
The Lexington plant employs more than 3,000 people and is capable of processing 5,000 head of cattle a day, and its closure is expected to both devastate the local economy and have a major impact on US ranchers throughout the region.
Huffman noted a report from the Associated Press estimating that the Lexington plant's closure, combined with projected job cuts at a Tyson plant in Amarillo, Texas, could cut national beef processing capacity by up to 9%.
"Ranchers were already dealing with high costs, drought, and years of uneven prices," Huffman wrote. "Now they face even less competition for their cattle. When there are fewer packers active in the market, ranchers have less bargaining power, and cattle prices fall even as beef prices in grocery stores stay near record highs."
Dan Osborn, an independent US Senate candidate running in Nebraska, has made the dangers of corporate consolidation a central theme of his campaign, and on Monday he released a video explaining why he spends so much time talking about monopolies, particularly in the agricultural industry.
"If you're a farmer, your inputs, your seed, your chemicals, you have to buy from monopolies," he said. "Sygenta, Chinese-owned company you've got to buy your seed from, they control and manipulate that market. And then when your production's over and you're selling it, you're selling it to monopolies as well."
Want to know why I talk about MONOPOLIES all the time? This is why. 👇 pic.twitter.com/MuYh0gZRVr
— Dan Osborn (@osbornforne) December 22, 2025
Osborn said that the trend of industry consolidation wasn't just limited to agriculture, but is now moving forward with major railroad and media mergers.
"We need to create an economic environment in this country that favors competition," he said. "That's what a free market is. A free market isn't three or four big people or big corporations controlling everything."
"People can now be concerned that TikTok could be a conduit for US government propaganda," said the Electronic Frontier Foundation.
As a prospective deal takes shape to hand partial ownership and control of social media giant TikTok to US tech giant Oracle, progressive critics are warning that it could soon become a source of pro-Trump propaganda while giving right-wing oligarchs another powerful media mouthpiece.
As reported by The Wall Street Journal last week, the current plan is to put TikTok's US business under the control of a consortium that will include Oracle, as well as investment firm Silver Lake, and venture capital firm Andreessen Horowitz.
Oracle was founded by Larry Ellison, who was one of Trump's first backers in Silicon Valley. Andreessen Horowitz's Marc Andreessen donated $2.5 million to Trump's super PAC during the 2024 election campaign and he currently serves as an economic adviser to the president.
In addition to those two, right-wing media mogul Rupert Murdoch and computer pioneer Michael Dell are also rumored to be part of the consortium.
The idea of the world's most popular video platform in the world being under the control of billionaire Trump allies has set off alarms among critics who warn that it could be used to sway public opinion with a barrage of MAGA propaganda.
The Electronic Frontier Foundation (EFF) pointed to statements made by Trump allies to warn that the TikTok deal could greatly damage the free flow of information in the US.
"If the concern had been that TikTok could be a conduit for Chinese government propaganda—a concern the Supreme Court declined to even consider—people can now be concerned that TikTok could be a conduit for US government propaganda," EFF said. "An administration official reportedly has said the new TikTok algorithm will be 'retrained' with US data to make sure the system is 'behaving properly.'"
New Yorker journalist Clare Malone wrote in a recent article that "the supposed national-security concerns of TikTok will go largely unaddressed" under the proposed deal, which she argued would do more to "bolster an emerging media conglomerate, under the auspices of the Ellison family, who are assiduously friendly to Trump."
To put this into perspective, wrote Malone, the Ellison family could soon "own a movie studio, multiple television streamers, two news networks, and have a significant stake in the world’s fastest-growing social-media platform, all while hosting the data of millions of users and providing much of the cloud-computing infrastructure that powers corporate America—a level of vertical integration that, even in an age of rapid consolidation, is unprecedented."
Former US Labor Secretary Robert Reich also noted that TikTok isn't the only media platform being eyed by Ellison.
"[Ellison's] media company owns CBS News and is plotting a bid for Warner Bros., which owns CNN," he wrote. "When billionaires take control of communication platforms, it’s not a win for free speech. It’s a win for oligarchy."
This major consolidation also caught the attention of former CBS News anchor Dan Rather, who recently told The Hollywood Reporter that he had serious concerns about the Ellisons buying up his one-time employer, as well as potentially owning CNN as well.
“I do think... without preaching about it, but that we, all of us, all the Americans, have to be concerned about the consolidation of huge billionaires getting control of nearly all of the major news outlets,” Rather said. “This is not healthy for the country, and it is something to worry about... It’s pretty hard to be optimistic about the possibilities of the Ellisons buying CNN.”
"You don't find someone guilty of robbing a bank and then sentence him to writing a thank you note for the loot," said one critic.
A federal judge's Tuesday ruling on tech giant Google has drawn criticism from anti-monopoly advocates who say that it let the company walk away without having to give up its economic stranglehold over online searches and advertising.
As reported by The New York Times, Judge Amit Mehta of the US District Court for the District of Columbia ruled that Google had to share some of its data with competing search platforms, while also placing restrictions on the company's ability to pay to ensure its search engine receives preferential treatment on web browsers and phones.
However, these remedies fell far short of measures requested by the US Department of Justice, which had asked that Google be forced to share more of its data with competitors and to sell off its Chrome web browser.
Nidhi Hegde, executive director of the American Economic Liberties Project, offered a scathing assessment of Mehta's ruling, and she urged the government to appeal and push for harsher penalties against Google.
"You don't find someone guilty of robbing a bank and then sentence him to writing a thank you note for the loot," she said. "Similarly, you don't find Google liable for monopolization and then write a remedy that lets it protect its monopoly. This feckless remedy to the most storied case of monopolization of the past quarter century is a complete failure of his duty and must be appealed."
She went on to describe Mehta's decision as "bizarre" given that he had "found Google liable for maintaining one of the most consequential and damaging monopolies of the internet era."
Barry Lynn, the executive director of the Open Markets Institute, accused Mehta of letting Google get away with a "slap on the wrist" given the scale of the damage it has caused.
"Google for years has wielded its vast power over all layers of the digital economy to crush competitors, halt innovation, and rob Americans of their right to read, watch, and buy what they want without being manipulated by one of the most powerful corporations in human history," he said. "Judge Mehta's order that Google share search data with competitors and cease entering into exclusive contracts does nothing to right those wrongs."
Like Hegde, Lynn also urged the government to appeal the ruling.
Elise Phillips, policy counsel at the freedom of expression advocacy group Public Knowledge, took aim at Mehta for letting Google maintain control of both Chrome and the Android mobile operating system, even though he concluded that Google had abused its market power to stifle competition.
Phillips also suggested that elected officials needed to pick up the slack when it comes to holding giant corporations accountable for their actions.
"Judge Mehta's remedies decision signals why the courts cannot be the end-all, be-all of antitrust," she said. "Google's anticompetitive behavior, and behavior like it, can and must be confronted by legislation that targets conflicts of interest, self-preferencing, and discrimination online. The American people need sector-specific legislation that addresses these harms and breaks down barriers of entry into online markets, fostering competition, innovation, and choice."
Agnès Callamard, secretary general of human rights organization Amnesty International, also weighed in to express disappointment with Mehta's decision.
"This ruling was a missed chance to rein in Google's power," said Callamard. "Google's toxic business model is built on pervasive surveillance. By tracking people across the web and monetizing their personal data through targeted advertising, the company has severely undermined our right to privacy."
Google was first sued for antitrust violations by the DOJ in 2020 under the first Trump administration, and then again in 2023 under the Biden administration.