What happens if you eat the oqygen absorber inside of jerky?

If your dog does eat the oxygen absorber the dog should be perfectly fine. They actually put oxygen absorber in healthy dog treats. Oxygen absorber is actually not toxic to humans or dogs, the only reason they put "DO NOT EAT" on the package is because they do not want you to put it as seasoning on the food. Just to make sure, if your dog does eat the oxygen absorber your dog will be fine.

Hope this helps...