September 1, 2026
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1:05:49Now PlayingOne of Trump’s staunchest constituencies, cattle ranchers (and their congressional representatives) are in revolt. You might think rising beef prices would be good for ranchers, but in fact, most ranchers have little say in how much their stock sells at market, and see little return on what consumers pay. It’s because of a complex, but highly concentrated system of ranchers, feeders, packers, and processors which squeeze the little guy—now exacerbated by weak herds, tariff shenanigans, and an unpopular Trump-backed scheme to import mystery beef.
Today on the show, Matt and David are joined by Mike Callicrate, owner of Ranch Foods Direct and rancher advocate to help explain how beef gets from the ranch to plate, the ways the system exploits independent ranchers, and why ranchers have finally had enough of Trump’s beef policy, despite their usually-unwavering loyalty. We also discuss the incentives the big meat producers have to push people away from beef and towards chicken and pork, Mike’s incredible class action case against Tyson, and legislative and community solutions for a more equitable food ecosystem.
Organized Money Socials:
Read David's The American Prospect here:
And checkout their channel:
@theamericanprospect
Read Matt's Big Newsletter on Antitrust here:
Matt is Director of Research at the AELP:
American Economic Liberties Project
@economicliberties6565
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