Oct 10, 2024

McDonald’s sues meatpackers for collusion

Posted Oct 10, 2024 4:06 PM

McDonald’s has filed a lawsuit against Tyson Foods, JBS, and other major meat packing companies. The fast food chain is accusing the packers of colluding for years to limit beef supplies. The suit says that the collusion allowed the companies to boost their profits while forcing their company to pay inflated prices for their meat supplies. McDonald’s says the companies conspired to reduce production levels beginning on January 1, 2024, which would artificially drive up market prices.