The industry maintains that supply and demand drive beef prices, not anticompetitive behavior.
OMAHA, Neb. — The nation’s largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices.
Sysco recently filed a federal lawsuit in Texas accusing Tyson Foods, JBS, Cargill and National Beef of price fixing. The lawsuit said those companies have conspired to suppress the number of cattle being slaughtered at least since 2015 to help drive up the price of beef. The allegations are similar to ones in lawsuits filed by grocery stores, ranchers, restaurants and other wholesalers that have been pending
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