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Western South Dakota's Only Ranch Station
SMITHFIELD, VA – Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. Reuters reports that a preliminary settlement in the antitrust case was filed on Tuesday […]
HOUSTON, TX – A major food distributor has accused the “Big Four” beef packers of fixing prices and manipulating markets to the detriment of ranchers and consumers. Sysco, a Texas-based company that distributes food to restaurants, hotels and other facilities, has filed a lawsuit alleging violations of antitrust laws by Cargill, JBS, Tyson and National […]
CHICAGO, ILL – Tyson Foods, Inc, Cargill Inc. and other major meat producers are using the colossal share of the market to limit beef supplies sold to U.S. wholesalers in order to inflate prices and the profits, supermarket company Giant Eagle said in a lawsuit filed last week in Illinois federal court. Giant Eagle, operating […]
WASHINGTON — The record profits for meatpackers in the past two years were the result of market conditions during the coronavirus pandemic, along with increased consumer demand, according to leaders of the country’s four large meatpacking companies. The meatpacking executives defended their business practices during a lengthy congressional committee hearing on Wednesday, April 28. U.S. […]
HURON, SD – After hearing the news that a federal judge in Minnesota ordered a class-action lawsuit against JBS, Tyson, National Beef, and Cargill to proceed, South Dakota Farmers Union President Doug Sombke said, after decades, finally a judge, “gets it.” “This judge gets it,” explained Sombke, a fourth-generation Conde farmer. “My entire farming career, […]
WASHINGTON, D.C. – The Biden administration plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores. Four companies control much of the U.S. meat processing market, and top aides to President Joe Biden blamed those companies for rising food prices in a blog on Wednesday. According to […]
WASHINGTON, DC – The world’s largest meat packer considered the makeup of the U.S. meat industry sitting around the table at a recent closed-door and decided they didn’t want to take a seat. JBS USA, a unit of the Brazilian meat conglomerate JBS SA, has left the National Cattlemen’s Beef Association (NCBA) in a surprise […]
BOISE, ID – A group of farmers has filed an antitrust case against several big agricultural companies, contending the companies worked together to ban e-commerce sales in order to keep prices artificially high. According to the Associated Press, the farmers are seeking class-action status and they want a judge to force the companies to give […]
MINNEAPOLIS, MN – JBS SA will pay $20 million to resolve consumer antitrust claims over its alleged role in an industry-wide scheme to fix the price of pork through coordinated public statements and secret data exchanges, according to a federal court filing in Minneapolis. JBS USA has agreed to pay $20 million to consumers to […]
GREELEY, CO – Pilgrim’s Pride Corp, one of the largest U.S. poultry producers, pleaded guilty and was sentenced to pay a $107.9 million fine on Tuesday to settle federal charges it conspired to fix chicken prices and passed on the costs to consumers and other purchasers. Reuters reports that Chief Executive Fabio Sandri entered the […]
