A conspiracy to inflate pork prices? Say it ain't so.
Pork commodities are traded so they could benefit when prices go up or down if they know what's going to happen.I've got two problems with that ............
1. That kind of conspiracy would mean that hundreds, if not thousands of people would be involved ... and somebody is gonna talk. There's gonna be an inside whistleblower eventually.
2. The length of time they're talking about, going back to 2009, means there's been periods of low prices and high prices. If they could control the retail price, then why do they let prices go down ? These price conspiracies seem to always come up during periods of high prices.
My only real complaint about meat prices has been due to covid, and I think this will eventually work itself out, hopefully. Unless there's been some major structural changes to the meat industry that will never be
Pork commodities are traded so they could benefit when prices go up or down if they know what's going to happen.