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.
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.
Oh the ironing
Can we sue McDonald for all that they did to artificially decrease the cost of beef, and the immense harm that was done to the climate as a result?
And the poor animals. Cows are friends not food
They can be both.
Drag doesn’t eat drag’s friends unless they’re into vore, and drag doesn’t think cows can consent to sex with drag, so no vore for the cows.
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?
Drag thinks McDonald’s is evil and so is Big Beef. Natural beef is bad. Lab beef and imitation beef are ethical.
Capitalist system
Big four fixing prices
ShockedPikachu.png
The system is working exactly as it’s designed to. I’ve said it before and I will say it again: captialism only encourages monopolies/cartels - that’s the whole point.
Exactly my thoughts
McDonald’s has some beef with today’s largest meat packers.
I would have been disappointed if there wasn’t a line like this in the story somewhere. It practically writes itself.
“Company sues for what company does to customers because those profits are theirs”
“I was talking to my colluding friends and they said you were doing a collusion on us. What the hell? We’re not the poors.”
The worst part is, the average citizen anywhere in the world can not afford to do this. Only some other evil megacorporations
Hey now, we should salute McDonalds for keeping Big Beef in check. Those prices trickle down to us! /s
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.
Drag thinks that McDonald’s price gouging its customers is good. It forces people to eat less meat. Drag’s switch to veganism was probably helped by McDonald’s having outrageous prices.
I will be thoroughly stunned if the huge settlement they may get actually results in lower prices for customers.
Beef, the meat kept artificially cheap in the US by subsidies?
At great expense to the health of the people and the climate
Well it’s a lot like all the ISPs taking fucktons of money over 25 years to “roll out fiber” and then just basically pocketing the money.
Corporations are the real welfare queens.
Corporations are the real welfare queens.
not sure I’d say queens, perhaps parasites would best fit that sentence
Beef, the meat kept artificially cheap
in the USby subsidies?FTFY, you are not alone in this stupidity. “Dutch Trump” Wilders got his votes because the government said that maybe the whole country should not be one big cattle farm.
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?
They use the trade marked “Real Beef”.
Real Beef™
(May contain raccoon and/or armadillo harvested from American highways.)
Armadillo is good eatin’.
So you’re saying they should start selling the McAdillo?
No one but Ron can gouge on the meat. holding comically large baseball bat
Someone should sue McDonald’s for the same thing. All of their prices (not just for beef) have been massively inflated for their profit. A meal there shouldn’t cost $12+ (I’ve seen as much as $15), it’s trash food. I haven’t been back in a long time.
