What is Behind Cheap Meat | Meat Lobby | ENDEVR Explains
The Consequences of Choosing Cheap Meat | Meat Lobby | Business Explainer Video\n\nThe average price of one pound of chicken in 2019 was $ 1,92. That’s almost half of what it was in 1960. At the same time, the beef price fell by roughly 20%. Behind the cheap prices is an industry that aggressively consolidated on the last year. Companies like Tyson, JBS and Cargill dominated the market in the United States. The world nowadays produces more than three times the amount of meat as in 1970. All this while more and more evidence reveals that meat production has a huge negative impact on the environment, climate and human health. And here we are: more people are eating meat because it’s cheap (and delicious!), but production on an industrial level is coming at an exorbitant price. How did we end up here? In this video, we show what is behind very cheap meat. How conditions of suppliers, workers and animals have deteriorated so the meat can be as cheap as possible. And how strong the Meat Lobby is to pressure governments and get rid of regulations. \n\nSources: https://bit.ly/SourcesMeat\n▬▬▬▬▬▬▬▬▬\nSubscribe ENDEVR for free: https://bit.ly/3e9YRRG\nJoin the club and become a Patron: https://www.patreon.com/freedocumentary\nFacebook: https://bit.ly/2QfRxbG\nTwitter: https://bit.ly/2QlwRiI\n▬▬▬▬▬▬▬▬▬\n#FreeDocumentary #ENDEVR #CheapMeat\n▬▬▬▬▬▬▬▬▬\nENDEVR explains the world we live in through high-class documentaries, special investigations, explainers videos and animations. We cover topics related to business, economics, geopolitics, social issues and everything in between that we think it’s interesting.
Artificial meat whets investor appetites
Investors are vying for shares in alternative meat producer Impossible Foods Inc. before the startup goes public, expecting its debut to attract a lot of market interest similar to that of rival Beyond Meat Inc.
Secondary Market Brokers Report High Interest in Artificial Meat Project.
Some people value the company at $ 5 billion.
Since its May IPO, Beyond shares have soared 506% as investors seek to carve out a niche in the burgeoning meat substitute market. Beyond Papers&# 39; s stock peaked on July 26, 2019 at $ 234.90 per share.
The decline began on July 30 after the company announced a secondary offering at $ 160 per share, adding 3.25 million additional shares. At the last trading session, the company’s shares were worth $ 150.99.
Impossible CEO Patrick Brown says Beyond hasn’t chosen the right time to go public.
In response to growing interest in plant-based meats, Impossible struck a deal with OSI Group to boost production.
The company also plans to launch its products in retail stores this September. However, FDA approval must first be obtained to use its key ingredient as a color additive. Beyond, which initially sold its meat only in stores, said just over half of its revenue came from the retail business..