Where's the beef?
The US beef industry is becoming an oligopoly. According to the article "Brazil beef giant buys American" JBS SA, which is a Brazil-based beef producer, has been buying out other beef producers. Recently JBS SA announced it would aquire the 4th and 5th leading US beef producers. If the aquisition is completed, JBS SA will become the #1 US beef producer. The players of this industry are being eaten up by a select few. As these aquisitions occur, the industry becomes closer to an oligopoly. As we know in an oligopoly one firm, dominant in size (JBS SA in the USA possibly), can set the price and others will follow. Will we see beef prices increase soon? Will those delicious Junior Bacon Cheese Burgers sore off the $0.99 menu? It's hard to say, but the it looks like US beef consumers will soon be in the hands of JBS SA.