Even as US beef prices have continued to surge, American cattle ranchers have come under increased financial pressureand a new report from More Perfect Union claims that this is due in part to industry consolidation in the meat-packing industry. Bill Bullard, the CEO of the trade association R-CALF USA, explained to More Perfect Union that cattle ranchers are essentially at the bottom of the pyramid in the beef-producing process, while the top is occupied by "four meat packers controlling 80% of the market." "It's there that the meat packers are able to exert their market power in order to leverage down the price that the cattle feeder receives for the animals," Bullard said. To illustrate the impact this has had on farmers, Bullard pointed out that cattle producers in 1980 received 63 cents for every dollar paid by consumers for beef, whereas four decades later they were receiving just 37 cents for every dollar. "That allocation has flipped on its head because the marketplace is fundamentally broken," Bullard [said]. Angela Huffman, president of Farm Action, recently highlighted the role played by the four big meatpacking companies"Tyson, Cargill, National Beef, and JBS"in hurting US ranchers. Dan Osborn, an independent US Senate candidate running in Nebraska, has made the dangers of corporate consolidation a central theme of his campaign. "If you're a farmer, your inputs, your seed, your chemicals, you have to buy from monopolies," he said.