|FOR IMMEDIATE RELEASE|
September 29, 2021
Contact: Christina Dexter, (816)738-5402
|Farmers Union Pleased Lawsuit Against the “Big 4” Packers Moving Forward|
Case Alleges Malfeasance, Calls for Pricing Transparency and Competitiveness in Cattle Markets
Nevada, IA – This month, a federal judge in Minnesota ordered a class-action lawsuit against JBS, Tyson, National Beef, and Cargill to proceed. In the case, National Farmers Union is among the plaintiffs alleging that America’s four largest beef packers conspired to suppress the price of cattle and increase the price of beef.
“Our cattle farmers have been at the mercy of a small handful of processors,” said Iowa Farmers Union President Aaron Lehman. “Farmer profitability in the cattle sector disappeared as a result. At the same time, consumers have only experienced higher prices and less transparency about the food they eat.”
“We are pleased the effort to restore pricing transparency and competitiveness to the cattle markets is moving forward in the courtroom. This case is nearly two-and-a-half years old and we look forward to the next step in the litigation,” commented Rob Larew, President, National Farmers Union.
The case now enters the discovery phase of the trial, where evidence and information will be presented to demonstrate how packers violated the Sherman Antitrust Act, the Packers and Stockyards Act, and the Commodity Exchange Act.
“As the case moves to discovery, NFU will continue to hold the packers accountable. Malfeasance in the cattle markets has been very damaging to independent farmers and ranchers, and we look forward to continuing to advocate for our members in the courtroom,” Larew added.
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