Cargill agrees to settle in beef-price fixing suit
Two of America’s biggest meat producers are paying up but not admitting guilt. Minnesota-based Cargill and Tyson Foods have agreed to settle a class-action lawsuit accusing them of fixing U.S. beef prices — $32.5 million from Cargill and $55 million from Tyson. The case claims the companies deliberately limited supply to drive up costs for consumers between 2014 and 2019. While they deny wrongdoing, the settlements don’t close the book — claims against JBS USA and National Beef Packing are still moving forward. Tadeo Ruiz Sandoval with MPR has the full story.
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