Consumers File Class Action Against Meat Packers
A class-action lawsuit has been filed in Minnesota federal court that alleges that four large beef-packing companies and an industry information-sharing service have schemed to suppress the prices they pay for cattle and inflate the prices they charge consumers. The lawsuit names Cargill, Tyson Foods, National Beef Packing and JBS USA Food Co. — who collectively control 70% of U.S. beef processing — as defendants. Agri Stats Inc., a price forecasting service for beef, pork