Minnetonka, MN – The U.S. Department of Justice is investigating Minnesota-based Cargill for allegedly price-fixing beef.
Without evidence, the White House is accusing JBS, Tyson Foods, National Beef and Cargill for potentially colluding and manipulating prices. These companies control about 85 percent of the U.S. beef-processing market, meaning any price-tampering could greatly exploit American consumers, farmers, and ranchers.
Average beef prices have climbed by one dollar and 27 cents since 2020, which is more than double the rate of inflation.
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