this post was submitted on 08 Oct 2024
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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.

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[–] [email protected] 3 points 1 month ago* (last edited 1 month ago)

Tell your boyfriend, if he says he's got beef, that I'm a vegetarian and I ain't fucking scared of him.

[–] [email protected] 5 points 1 month ago (1 children)

McDonald's should become their own meat packer and interface with the farmers direct. Everyone gets the best deal that way and cut out the asshole middleman driving everything through the roof.

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago) (1 children)

They've tried. Wendy's QSCC has tried. Walmart is trying. It's hard to be a beef packer. You have to sell the rest of the animal too, and now you're just a filthy beef packer yourself. Also sadly impossible to interface with ranchers direct, still must be fed out at a feed yard.

[–] [email protected] 3 points 1 month ago

Ahh yeah, good point. I didn't think about the feed lot portion.

[–] [email protected] 20 points 1 month ago (2 children)

Said one quasi monopolist to the other...

[–] [email protected] 8 points 1 month ago

I'd be OK with giant corporations as if they were actually competing with each other for consumers and labor, paying their fair share of taxes, and weren't allowed to use their revenue to subvert the will of the people by buying politicians.

The problem is that it takes a strong FTC, IRS, NLRB, FEC to ensure the above things, and we know how Republicans and billionaires feel about that.

[–] [email protected] 10 points 1 month ago (1 children)

What? How on earth is mcdonalds a monopoly in any way?

[–] [email protected] 5 points 1 month ago

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.

[–] [email protected] 19 points 1 month ago (1 children)

They fucked with McDonalds. Big mistake.

[–] [email protected] 30 points 1 month ago (3 children)
[–] [email protected] 2 points 1 month ago
[–] [email protected] 5 points 1 month ago

Only available for a Limited Time!

[–] [email protected] 3 points 1 month ago

Sounds like something I’d buy

[–] [email protected] 22 points 1 month ago (1 children)

"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

[–] [email protected] 3 points 1 month ago

not sure why, but i read this in J K Simmons' voice.

[–] [email protected] 7 points 1 month ago

Good. The beef packers already got slapped with a FTC suit for price fixing.

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