Meatpackers Tyson, Cargill Accused of Cattle Cost Conspiracy (2)
By Mike Leonard and Victoria Grahham
April 23, 2019, 4:21 PM; Updated: April 23, 2019, 7:51 PM
Four of the world’s largest meatpacking companies face claims they conspired to drive down the cost they pay for live cattle and cattle futures.
Tyson Foods Inc., Cargill Inc., JBS SA, Marfrig Global Foods SA, and several subsidiaries and affiliates were hit with a proposed class action April 23 in Illinois federal court. The companies allegedly account for between 80 and 90 percent of the cattle slaughtered in the U.S.
The 121-page complaint accuses the food processing giants of violating the Sherman Act, the Packers and Stockyards Act, and the Commodity Exchange Act by agreeing among themselves...