$87.5M settlement hits major beef processors: Who qualifies for payment?
A settlement of $87.5 million has been reached with Tyson Foods and Cargill regarding antitrust allegations of price manipulation.Summary
Major beef processors Tyson Foods and Cargill have agreed to an $87.5 million settlement in an antitrust lawsuit alleging they conspired to limit beef supply and increase prices between 2014 and 2019. Tyson will pay $55 million, and Cargill will pay $32.5 million, in addition to agreeing to “certain non-monetary relief.” This follows an earlier $83.5 million settlement with JBS in February 2025. The lawsuit was originally filed in 2019 by the National Farmers Union and four ranchers, claiming “anticompetitive conduct in the cattle market.”
Customers who purchased beef products from Tyson Foods, JBS, or Cargill between August 2014 and December 2019 may be eligible for a payment. A complete list of qualifying products is available on the settlement website.
Individuals can file a claim, opt-out of the settlement, object to the settlement, or take no action. To receive a cash payment, a claim form must be submitted by June 30, 2026, via the online portal. Claimants will receive a confirmation email with a reference code.
(Source：Masslive)