McDonald’s sues Cargill, other beef suppliers for alleged price-fixing
McDonald’s says Cargill, JBS, Tyson and National Beef secretly worked together over the past decade to limit supplies of cattle and fix prices, according to a federal lawsuit filed this month. Those “Big Four” meatpackers collectively control 85% of the beef industry in the U.S.
McDonald's sues top meat packers for allegedly colluding to inflate the price of beef
This collusion caused the beef market to become “a monopoly in which direct purchasers were forced to buy at prices dictated by (the meat packers),” McDonald's suit reads — later noting that the injury it has sustained as one of those buyers is what “antitrust laws were designed to prevent.”
McDonald’s claims beef suppliers — including Tyson — fixed prices in explosive antitrust suit
The burger-and-fries giant claimed the beef suppliers agreed to manipulate and fix prices at “supracompetitive levels,” the suit said.
McDonald's is suing Tyson Foods for allegedly choking the beef supply chain to raise prices
McDonald’s claims the companies, including Cargill and National Beef Packing, systematically reduced production levels starting on January 1, 2015, in order to “artificially” drive up market prices. With significant control over the cattle and beef industry, the companies could manipulate prices at their will, the lawsuit says.
McDonald's sues major beef producers in US price-fixing lawsuit
McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices.
McDonald's Suing Major Beef Producers for Alleged Price Fixing
The alleged price fixing and subsequent higher prices for consumers resembles allegations of price gouging by some grocery store chains today. In August, a Kroger executive confirmed that the supermarket giant, which owns other popular chains like Ralphs and Harris Teeter, raised the price of eggs and milk beyond inflation figures.
McDonald’s sues major beef producers for price-fixing
The lawsuit alleges that four of the world’s largest meat producers conspired to artificially inflate the price of beef.
McDonald's Is Suing Major Beef Suppliers For Alleged Price-Fixing
McDonald's is suing major meat packing companies under the pretense of an alleged beef pricing conspiracy, which could be affecting the price of your Big Mac.
McDonald’s accuses meatpackers of price-fixing in lawsuit over beef costs
McDonald’s has sued the four biggest beef producers in the US, alleging they conspired to drive up the price of meat paid by the world’s largest burger chain. The lawsuit filed in federal court in New York follows similar litigation brought by cattle ranchers and supermarkets as well as federal probes into US cattle and beef markets.
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