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Ranchers file lawsuit vs. beef packers

May 3, 2019
Special to The Chronicle , Toledo Chronicle, Tama News-Herald

Chicago- Scott+Scott Attorneys at Law filed a class action lawsuit in federal district court in Chicago on behalf of R-CALF USA and four cattle-feeding ranchers from Iowa, Nebraska, Kansas, and Wyoming. The suit alleges the nation's four largest beef packers violated U.S. antitrust laws, the Packers and Stockyards Act, and the Commodity Exchange Act by unlawfully depressing the prices paid to American ranchers.

The complaint was filed against Tyson Foods, Inc., JBS S.A., Cargill, Inc., and National Beef Packing Company, LLC, and certain of their affiliates (the "Big 4"), who collectively purchase and process over 80% of the U.S.'s fed cattle-that is, cattle raised specifically for beef production-annually.

National Beef has announced plans to buy Iowa Premium, the 850-employee beef packing plant at Tama.

 
 
 

 

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