Tyson

Tensions rise in the beef industry as the DOJ takes a closer look at major meatpackers and their grip on cattle prices.

The National Farmers Union, R-CALF USA, and four fed cattle producers who filed a class-action antitrust lawsuit against JBS, Tyson, Cargill, and National Beef filed a motion looking for preliminary approval of a settlement.   The motion was filed in a U.S. D...

Cargill has agreed to pay $32.5 million to settle a class action lawsuit that accuses the meatpacking giant of conspiring with other companies to artificially raise the price of turkeys.  The deal was filed in the Northern Illinois U.S. Dis...

A company letter released this week said Cargill will permanently terminate almost 500 employees in Minnesota, home to the company’s corporate headquarters.  The terminations will begin on February 5th.  Cargill recently announced it would cut approximately 5% of its overall staff after revenue took a hit in its most recent fiscal year thanks to a big slump in crop prices.   In ad...

McDonald’s has filed a lawsuit against Tyson Foods, JBS, and other major meat packing companies.  The fast food chain is accusing the packers of colluding for years to limit beef supplies.  The suit says that the collusion allowed the companies to boost their profits while forcing McDonald’s to pay inflated prices for their meat supplies.  McDonald’s says the...

On Thursday, Senate Agriculture Committee Chair Debbie Stabenow announced a hearing titled “Examining Markets, Transparency, and Prices from Cattle Producer to Consumer.” The Michigan Democrat, along with the committee’s ranking Republican John Boozman of Arkansas, scheduled the hearing for Wednesday afternoon. Cattle mark ...

On Tuesday, President Trump signed an executive order keeping meatpacking plants open during the COVID-19 pandemic. The President used the Defense Production Act to order companies to stay open as critical infrastructure, as meatpacking plants over the past couple of weeks closed with spikes in coronavirus cases among employees ...

The past, present and future, just a few of the topics discussed at the 2020 Cattle Industry Convention and National Cattlemen Beef Association trade show earlier this month in San Antonio, TX.  At the event, NCBA President Jennifer Houston said markets dominated concerns for cattlemen and women last year.  Bu...

Tyson will reopen a Kansas beef processing facility next month, following repairs prompted by an August fire that disrupted operations at the facility. This week, Tyson announced repairs at the Holcomb, KS facility are nearly complete, and efforts to resume beef processing are planned for the first week of December...

Are prices in the beef market being manipulated by packing industry?   Many on the production side will say yes.   The issue truly came to light after a fire heavily damaged a Tyson packing facility in Holcomb, KS.  Jerome Rosa, President of the Oregon Cattlemen’s Association said something does not add up where consumer prices have increased, packers are enjoying excellent margins, and producers