Food Giants Tyson and Cargill Paying $87,500,000 To Customers, Settling Accusations of Collusion and Price Fixing

Two Major Beef Processors Settle Price-Fixing Allegations for $87.5 Million

Two of the largest beef processors in the US, Tyson Foods and Cargill, have agreed to pay a total of $87.5 million to settle allegations that they colluded to raise the price of beef. This settlement comes as a resolution to claims brought by consumers who indirectly purchased certain beef products.

The lawsuit accused food giants like JBS, Cargill, National Beef, and Tyson Foods of entering into a market allocation agreement, effectively eliminating competition and driving up prices for consumers. The alleged aim of this agreement was to boost profit margins at the expense of consumers.

Under the settlement, Tyson Foods and its subsidiary Tyson Fresh Meats will pay $55 million, while Cargill and its subsidiary Cargill Meat Solutions will pay $32.5 million. The combined settlement amount of $87.5 million will compensate individuals and entities who indirectly purchased specific fresh or frozen beef products for personal consumption between August 1, 2014, and December 31, 2019.

Eligible beef products include chuck, loin, rib, or round primal cuts purchased from grocery stores or supermarkets in covered states and jurisdictions. Despite agreeing to the settlements, Tyson and Cargill deny any wrongdoing, and the court has not made any final rulings on the matter.

The deadline for filing a claim is June 30, 2026, with a hearing scheduled for May 26, 2026, in the U.S. District Court for the District of Minnesota to approve the settlements.

For more updates and news, follow us on X, Facebook, and Telegram. Don’t miss out on the latest alerts by subscribing to our email notifications.

Stay informed with The Daily Hodl Mix.

Generated Image: Midjourney