Meatpackers Duck Cattle Ranchers' Antitrust Suit, For Now
Law360 (September 29, 2020, 7:15 PM EDT) -- A Minnesota federal court has tossed a suit from cattle ranchers accusing the nation's largest meatpacking companies of colluding to drive down the prices paid for live cattle, but gave the ranchers an opportunity to fix their claims.
U.S. District Judge John Tunheim issued an order on Monday dismissing an amended complaint from ranchers accusing Tyson Foods, JBS SA, Cargill and National Beef Packing Co. of working together to slash the price paid for cattle by limiting production.
The court was not convinced by a pair of confidential witnesses offering testimony about the alleged scheme, saying the ranchers failed to provide enough...
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