McDonald's sues several meat packing companies, claims they colluded to inflate beef prices
Published On Oct 9, 2024, 5:54 AM
McDonald's has filed a lawsuit against several major meatpacking companies, including Tyson, JBS, Cargill, and National Beef, alleging that they colluded to inflate beef prices through anticompetitive practices. The fast food giant claims this collusion has been ongoing since at least 2015 and has violated federal antitrust laws. McDonald's is seeking compensation for the price hikes that have impacted their costs as a buyer. The lawsuit highlights that these companies collectively control over 80% of the U.S. beef market.