McDonald's sues major meat packers over alleged beef price fixing

McDonald's has filed a lawsuit against the four largest U.S. meat packers—Tyson, JBS, Cargill, and National Beef—accusing them of colluding to fix beef prices. The complaint claims this scheme has inflated prices and limited supply since at least 2015. The lawsuit alleges that these companies have created a monopoly, forcing buyers to pay inflated prices. McDonald's argues that their actions violate federal antitrust laws, specifically the Sherman Act. This legal action follows previous lawsuits against the same companies for similar price-fixing allegations. McDonald's is seeking a jury trial, highlighting that these meat packers control over 80% of the U.S. beef market.