Cascadia Managing Brands

Part 3 of The $200 Grocery Bill. Four companies — JBS, Cargill, Tyson, and National Beef — control 85% of U.S. beef processing. How that concentration actually reaches your grocery bill: not through packer margins (thin, currently negative), but through control of the reference price itself. Plus the subsidy shell game, foreign ownership behind American brands, the cop who isn’t allowed in, and the private-equity debt trick that turned a grocery chain into collateral.