(Dave Bedard photo)

McDonald’s sues major beef producers in US price-fixing lawsuit

Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill […] Read more



(TysonFoods.com)

Tyson Foods shares sink on worries over consumer demand, third quarter

Reuters – Tyson Foods TSN.N shares were on track for their worst one-day decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results. The Arkansas-based meatpacker reported second-quarter sales that fell short of analysts’ estimates, though profits […] Read more




American beef exporters such as Tyson Foods have faced a double whammy from higher prices and the strength of the U.S. dollar, which makes their products less attractive to other countries.

Tyson feels beef squeeze

Company experiences tighter margins as U.S. reduces beef exports amid shrinking herd

The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation’s cattle herd to its lowest level in decades. That has tightened margins for meat companies including Tyson Foods. The decline in cattle numbers, after years of drought-fried pasture, led to soaring U.S. beef prices. Higher prices […] Read more