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.
“Company sues for what company does to customers because those profits are theirs”
We’ll isn’t that the pot calling the kettle black. The restaurant chain famous for jacking prices up while shrinking portion sizes and generally screwing their customers in every way they can doesn’t like it when they are getting taken advantage of. Cry me a fucking river. Fuck you McDogsBreath!
Don’t forget about screwing their workers.
To be fair, the screwing flows downriver. If the sourcers start getting greedy, the business has to make up the difference by increasing prices.
If it’s beef, they why have their chicken nuggets also doubled in price in the last couple of years? Oh, this goes back almost a decade you say? So why did you double or triple prices post pandemic?
Dude it’s literally right there at the beginning of the post
The fast food giant is suing the U.S. meat industry’s “Big Four” — Tyson, JBS, Cargill and National Beef Packing Company
You can’t honestly think McDonald’s trying to blame their massive price increases solely on their meat providers is valid.
I said nothing of the sort. I was responding to the OPs question.
If it’s beef, they why have their chicken nuggets also doubled in price in the last couple of years?
It’s right fucking there at the beginning. They’re suing Tyson chicken as well.
It’s right fucking there at the beginning. They’re suing Tyson chicken as well.
Wat.
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.
Where do you see anything about chicken? Are you under the impression that Tyson only deals in chicken?
It’s “right fucking there at the beginning.” It says “beef specifically.”
You can get mad at me, but I’m far from the only one who thought that’s what you were suggesting.
I’m not responsible for your’s or anyone else’s reading comprehension.
I’m pretty sure being understood is, in fact, the responsibility of the person making a comment.
If I were to misunderstand what you just said, would it be my fault or yours?
Yeah chicken prices are absolutely insane.
“This is an absurd accusation. We make money by employing children and undocumented immigrants and violating safety standards, not by colluding on prices.” -US meat industry
not sure why, but i read this in J K Simmons’ voice.
Thank god we have Good guy McDonald’s going after the evil natural beef guys….wait
And they’ll certainly reduce their prices once they get their supply chain work down right? … Right?
Said one quasi monopolist to the other…
What? How on earth is mcdonalds a monopoly in any way?
Maybe not a real monopoly, but a sufficiently big player that usually has no problems of using their buying power to squeeze the blood out of their suppliers.
I trust what McDonald’s is saying in this case. If anyone knows what collusion to inflate prices and fuck over clients looks like, it’s the place with the broken soft serve machines.
Wait, McDonald’s uses real beef?
Tell your boyfriend, if he says he’s got beef, that I’m a vegetarian and I ain’t fucking scared of him.
Good. The beef packers already got slapped with a FTC suit for price fixing.
Oh the ironing
Now that I’m vegan these articles are so bizarre to me. Oh the price of corpse has gone up? And the industry that produces said corpse is price gouging? That’s nice I’ll have these lovely inexpensive chick peas for dinner and not participate in death and abuse and rape, and my health will be better for it. It’s pretty easy to do.
