WASHINGTON – The Department of Justice investigates four companies, including Minnetonka, Minnesota-based Cargill for allegedly price-fixing beef.
The DOJ also accuses JBS, Tyson Food and National Beef of potentially colluding and manipulating prices.
The companies control about 85 percent of the U.S. beef-processing market.
Average beef prices have climbed by $1.27 cents per pound since 2020, which is more than double the rate of inflation.
