A federal court in Minnesota has denied a motion by the nation’s four-largest meat packers to dismiss an antitrust lawsuit alleging price-fixing.
R-CALF USA CEO Bill Bullard tells Brownfield his organization originally filed the suit two and-a-half years ago, and Wednesday’s ruling means the case can proceed.
“So importantly in this process, the court has determined that we have plausibly plead a conspiracy by the Big 4 packers to suppress the price of cattle while increasing the price of beef.”
R-CALF’s antitrust action alleges JBS, Tyson, Cargill, and National Beef violated the Sherman Antitrust Act of 1890 as well as the Packers and Stockyards Act and Commodity Exchange Act.
