Target accuses "Big 4" beef producers of price-gouging through coordinated cattle slaughter reductions since 2015, violating the Sherman Antitrust Act.
Target has joined a class-action lawsuit against Cargill, JBS, National Beef, and Tyson, accusing the "Big 4" beef producers of price-gouging through coordinated reductions in cattle slaughter volumes since 2015. The lawsuit alleges that the companies' actions led to suspiciously high beef prices and profits. Target charges the beef producers with violating the 134-year-old Sherman Antitrust Act.
February 24, 2024
7 Articles