McDonaldâs has some beef with todayâs largest meat packers.
The fast food giant is suing the U.S. meat industryâs âBig Fourâ â Tyson, JBS, Cargill and National Beef Packing Company â and their subsidiaries, alleging a price fixing scheme for beef specifically. In a federal complaint, filed Friday in New York, McDonaldâs accused the companies of anticompetitive measures such as collectively limiting supply to boost prices and charge âillegally inflatedâ amounts.
This collusion caused the beef market to become âa monopoly in which direct purchasers were forced to buy at prices dictated by (the meat packers),â McDonaldâs suit reads â later noting that the injury it has sustained as one of those buyers is what âantitrust laws were designed to prevent.â
McDonaldâs alleges that the meat packersâ conspiracy dates back nearly a decade, at least as early as January 2015, and continues today. Its suit argues these companiesâ actions violate the Sherman Act, a federal antitrust law.
If itâs beef, they why have their chicken nuggets also doubled in price in the last couple of years? Oh, this goes back almost a decade you say? So why did you double or triple prices post pandemic?
Dude itâs literally right there at the beginning of the post
You canât honestly think McDonaldâs trying to blame their massive price increases solely on their meat providers is valid.
It might be valid, but thereâs no way McDâs was harmed. Their customers sure got that price fixing damage passed onto them, though.