A federal judge in Minnesota has ruled that a handful of cow-calf producers don’t have standing to sue the country’s largest packers over a drop in fed cattle prices in …
price fixing
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JBS USA Food Company and Tyson Foods reached a combined $127.3 million settlement with a group of current and former employees who alleged in a 2022 lawsuit the companies conspired …
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JBS has agreed to pay $25 million to a group of commercial beef purchasers that accused the meat packing company of conspiring with other packers to restrict the supply of …
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Major Fast Food Restaurant Chains Allege Price Fixing By Packers
by Colter BrownThe nation’s largest beef packers are facing a growing number of antitrust lawsuits alleging a conspiracy to fix prices, as five more complaints were filed in a federal court in …
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USDA Announces Action to Spur Competition, Protect Producers and Reduce Costs
by Brett McRaeThe Biden administration Monday announced two new Department of Agriculture efforts to support fair and competitive meat and poultry markets. The efforts include publishing the proposed Inclusive Competition and Market …
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The nation’s largest food distributor is accusing the big 4 meat packers of fixing prices and manipulating markets. Sysco has filed a lawsuit against Cargill, JBS, Tyson and National Beef, …
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Ag News StoriesLivestock NewsNews
Senators Introduce Resolution to Investigate Anticompetitive Practices in Beef Industry
by Colter BrownOn Thursday, Senators Mike Rounds (R-SD) and Elizabeth Warren (D-MA) introduced a bipartisan resolution asking the Federal Trade Commission to investigate beef companies for potential price fixing. The resolution invokes a …
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Breaking: JBS Reaches Settlement in Beef Price-Fixing Litigation
by Colter BrownMeatpacker JBS has agreed to pay $52.5 million to settle ongoing litigation over allegations of beef price fixing. The lawsuit, that was originally filed in June of 2020, alleged that …
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A federal grand jury has indicted four executives from major poultry companies for conspiring to fix prices and rig bids for broiler chickens from 2012 to 2017. A grand jury …