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Minn.-based Cargill & other companies accused of price-fixing beef
Summary by AM 1100 The Flag WZFG
1 Articles
1 Articles
Minn.-based Cargill & other companies accused of price-fixing beef
WASHINGTON – The Department of Justice investigates four companies, including Minnetonka, Minnesota-based Cargill for allegedly price-fixing beef. The DOJ also accuses JBS, Tyson Food and National Beef of potentially colluding and manipulating prices. The companies control about 85 percent of the U.S. beef-processing market. Average beef prices have climbed by $1.27 cents per pound since 2020, which is more than double the rate of inflation.
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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