It’s time to crack down on the meat market monopoly – Investigate Midwest
Big beef companies like National Beef Packing Company, Cargill, JBS, and Tyson have been making headlines lately. These four giants control a massive 80% of the US beef market, and some sketchy practices have come to light.
Recently, lawsuits and accusations have been flying, shining a light on potentially shady dealings. For example, a $52.5 million settlement was reached in a class-action lawsuit over cattle market manipulation. Big Beef stands accused of artificially inflating beef prices by limiting the supply of cattle entering the market.
Similar allegations have been made in the pork and chicken processing industries. Even McDonald’s has jumped into the ring, claiming Big Beef has been overcharging them for years, violating antitrust laws along the way.
Now, McDonald’s is looking to take Big Beef to court, seeking a jury trial to address these alleged violations. If successful, this move could put pressure on lawmakers to crack down on unethical practices in the meat industry.
Calls are growing for the Department of Justice and the Federal Trade Commission to investigate further and consider breaking up the Big Beef monopoly. It’s time to hold these companies accountable for their actions and ensure fair competition in the market. Will the government have the willpower to take on Big Meat and demand real consequences for their behavior? Only time will tell.
