The prices of fresh and frozen beef jumped by 11.2 per cent during that time.
In Saskatchewan, the prices for fresh and frozen beef products increased by 14.1 per cent between May 2021 and 2022.
But high prices at the retail counter don’t reflect the prices producers receive, said Garner Deobald, president of the SSGA.
“Many producers and feedlots are feeling challenged by increased costs due to inflation, fuel and record-high feed costs,” he said in a statement. “Our members are sharing their frustrations with us. There is a disconnect between what producers are receiving for their animals and the high prices consumers are paying for beef products. Producers are feeling exploited.”
Saskatchewan’s government responded to the SSGA, suggesting the federal government can handle the request.
“We share industry pricing concerns,” a spokesperson said, Global News reported. “However, it would be best for the SSGA to discuss their investigation request with Competition Bureau Canada.”
The bureau “protects and promotes competition for the benefit of Canadian consumers and businesses.”
Meat pricing has been an issue in the U.S. as well.
In February, JBS SA agreed to pay (US)$52.5 million to settle litigation accusing meat-packing companies of conspiring to limit supply.