Packers pay: Tyson Foods, Cargill settle in beef price fixing lawsuit

Packers pay: Tyson Foods, Cargill settle in beef price fixing lawsuit

Tyson Foods will pay $55 million and Cargill $32.5 million to settle a beef price fixing lawsuit filed on behalf of consumers in 2019, according to Reuters. Just days before that story broke, Reuters also reported that Tyson would pay $85 million to settle a different consumer lawsuit over pork prices. According to the Reuters story, Tyson was the last holdout to settle, following JBS, Hormel Foods and other defendants’ agreements. With the Tyso…

Letter: On Beef Prices

Key players shaping beef prices: The four meat packing firms that control over 80% of U.S. beef processing. The American rancher is not in control of the price of beef in this country. Tyson Foods and Cargill agreed to pay…