How 4 companies control the beef industry

Corporate consolidation is making it impossible for cattle ranchers to stay afloat. Subscribe and turn on notifications 🔔 so you don’t miss any videos: Cattle auctions happen every day throughout the US; they serve a crucial purpose for the cattle markets. Inside one of these auctions, like the one we profile in St. Onge, South Dakota, you can see how a competitive market functions. There are multiple producers and buyers competing for a commodity, which results in a value, or price, for that commodity.