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McDonald's sues top meat packers for allegedly colluding to inflate the price of beef (apnews.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

86 comments fedilink hide all child comments

McDonald’s has some beef with today’s largest meat packers.

The fast food giant is suing the U.S. meat industry’s “Big Four” — Tyson, JBS, Cargill and National Beef Packing Company — and their subsidiaries, alleging a price fixing scheme for beef specifically. In a federal complaint, filed Friday in New York, McDonald’s accused the companies of anticompetitive measures such as collectively limiting supply to boost prices and charge “illegally inflated” amounts.

This collusion caused the beef market to become “a monopoly in which direct purchasers were forced to buy at prices dictated by (the meat packers),” McDonald’s suit reads — later noting that the injury it has sustained as one of those buyers is what “antitrust laws were designed to prevent.”

McDonald’s alleges that the meat packers’ conspiracy dates back nearly a decade, at least as early as January 2015, and continues today. Its suit argues these companies’ actions violate the Sherman Act, a federal antitrust law.

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[–] [email protected] 12 points 3 weeks ago (1 children)

It might be valid, but there's no way McD's was harmed. Their customers sure got that price fixing damage passed onto them, though.

[–] [email protected] 7 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

It's just over 11$ for 2 large fries. McD should also get sued. I feel like they're just trying pass 100% of the blame on to their suppliers, after they've continued to post record profits year over year. They not only weren't harmed, they've thrived and have been making even more money by price gouging. McD is as much, if not more culpable for inflating prices, than the meat packers.

[–] [email protected] 3 points 3 weeks ago* (last edited 3 weeks ago)

You can get great deals in the app, all you have to do is let them harvest your data and "dark pattern" you into exclusively eating McDonald's.