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Tyson Gets Subpoena From N.Y. as Meat Price Pressure Mounts (2)

May 9, 2022, 10:16 PM

New York State is adding to pressure on meat companies already facing heat in Washington for elevated prices, at a time when margins appear to be shrinking.

Tyson Foods Inc., the biggest U.S. meat company by sales, said Monday in a quarterly U.S. Securities and Exchange Commission filing that it “received a subpoena dated April 21, 2022 from the New York Attorney General’s Bureau of Consumer Frauds & Protection seeking information regarding our sales, prices and production costs of beef, pork and chicken products. We are currently evaluating the scope of the subpoena.”

Consumers are paying higher food prices ...