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Consumer Law

4 Largest Beef Processors Face Price Fixing Allegations From Sysco

The nation’s largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices.

Sysco recently filed a federal lawsuit in Texas accusing Tyson Foods, JBS, Cargill and National Beef of price fixing. The lawsuit said those companies have conspired to suppress the number of cattle being slaughtered at least since 2015 to help drive up the price of beef. The allegations are similar to ones in lawsuits filed by grocery stores, ranchers, restaurants and other wholesalers that have been pending in Minnesota federal court since 2020.

Similar price-fixing lawsuits are also pending in the pork and chicken processing businesses.

Read the source article at Associated Press News

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