this post was submitted on 08 Oct 2024
540 points (98.7% liked)

News

23161 readers
2761 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

McDonald’s has some beef with today’s largest meat packers.

The fast food giant is suing the U.S. meat industry’s “Big Four” — Tyson, JBS, Cargill and National Beef Packing Company — and their subsidiaries, alleging a price fixing scheme for beef specifically. In a federal complaint, filed Friday in New York, McDonald’s accused the companies of anticompetitive measures such as collectively limiting supply to boost prices and charge “illegally inflated” amounts.

This collusion caused the beef market to become “a monopoly in which direct purchasers were forced to buy at prices dictated by (the meat packers),” McDonald’s suit reads — later noting that the injury it has sustained as one of those buyers is what “antitrust laws were designed to prevent.”

McDonald’s alleges that the meat packers’ conspiracy dates back nearly a decade, at least as early as January 2015, and continues today. Its suit argues these companies’ actions violate the Sherman Act, a federal antitrust law.

top 50 comments
sorted by: hot top controversial new old
[–] [email protected] 5 points 6 days ago (1 children)

McDonald's should become their own meat packer and interface with the farmers direct. Everyone gets the best deal that way and cut out the asshole middleman driving everything through the roof.

[–] [email protected] 6 points 6 days ago* (last edited 6 days ago) (1 children)

They've tried. Wendy's QSCC has tried. Walmart is trying. It's hard to be a beef packer. You have to sell the rest of the animal too, and now you're just a filthy beef packer yourself. Also sadly impossible to interface with ranchers direct, still must be fed out at a feed yard.

[–] [email protected] 3 points 6 days ago

Ahh yeah, good point. I didn't think about the feed lot portion.

[–] [email protected] 3 points 6 days ago* (last edited 6 days ago)

Tell your boyfriend, if he says he's got beef, that I'm a vegetarian and I ain't fucking scared of him.

[–] [email protected] 149 points 1 week ago (2 children)
[–] [email protected] 26 points 1 week ago

Exactly my thoughts

load more comments (1 replies)
[–] [email protected] 108 points 1 week ago

McDonald’s has some beef with today’s largest meat packers.

I would have been disappointed if there wasn’t a line like this in the story somewhere. It practically writes itself.

[–] [email protected] 85 points 1 week ago (8 children)

We'll isn't that the pot calling the kettle black. The restaurant chain famous for jacking prices up while shrinking portion sizes and generally screwing their customers in every way they can doesn't like it when they are getting taken advantage of. Cry me a fucking river. Fuck you McDogsBreath!

[–] [email protected] 45 points 1 week ago

Don't forget about screwing their workers.

[–] [email protected] 24 points 1 week ago

I will be thoroughly stunned if the huge settlement they may get actually results in lower prices for customers.

[–] [email protected] 17 points 1 week ago

To be fair, the screwing flows downriver. If the sourcers start getting greedy, the business has to make up the difference by increasing prices.

load more comments (5 replies)
[–] [email protected] 82 points 1 week ago (2 children)

“Company sues for what company does to customers because those profits are theirs

[–] [email protected] 43 points 1 week ago

"I was talking to my colluding friends and they said you were doing a collusion on us. What the hell? We're not the poors."

[–] [email protected] 18 points 1 week ago

The worst part is, the average citizen anywhere in the world can not afford to do this. Only some other evil megacorporations

[–] [email protected] 53 points 1 week ago (3 children)

Beef, the meat kept artificially cheap in the US by subsidies?

[–] [email protected] 81 points 1 week ago* (last edited 1 week ago) (2 children)

Well it's a lot like all the ISPs taking fucktons of money over 25 years to "roll out fiber" and then just basically pocketing the money.

Corporations are the real welfare queens.

[–] [email protected] 12 points 1 week ago

Corporations are the real welfare queens.

not sure I'd say queens, perhaps parasites would best fit that sentence

load more comments (1 replies)
load more comments (2 replies)
[–] [email protected] 43 points 1 week ago

Capitalist system

Big four fixing prices

ShockedPikachu.png

The system is working exactly as it's designed to. I've said it before and I will say it again: captialism only encourages monopolies/cartels - that's the whole point.

[–] [email protected] 38 points 1 week ago (2 children)

If it’s beef, they why have their chicken nuggets also doubled in price in the last couple of years? Oh, this goes back almost a decade you say? So why did you double or triple prices post pandemic?

[–] [email protected] 14 points 1 week ago (1 children)

Dude it's literally right there at the beginning of the post

The fast food giant is suing the U.S. meat industry’s “Big Four” — Tyson, JBS, Cargill and National Beef Packing Company

[–] [email protected] 21 points 1 week ago (8 children)

You can't honestly think McDonald's trying to blame their massive price increases solely on their meat providers is valid.

[–] [email protected] 12 points 1 week ago (2 children)

It might be valid, but there's no way McD's was harmed. Their customers sure got that price fixing damage passed onto them, though.

load more comments (2 replies)
load more comments (7 replies)
load more comments (1 replies)
[–] [email protected] 33 points 1 week ago (5 children)

Hey everyone. This week, I challenge everyone to eat half as much beef as you normally would. If you eat 2 burgers a week, try just eating 1 and replace the other burger with a piece of chicken, or better yet, it's autumn, and a ton of veggies are still fresh in season from the harvest.

McDonalds can sue the beef packers, but we can cripple their entire supply chain and maybe help the planet out a little bit.

[–] [email protected] 3 points 6 days ago (1 children)

A few years ago, I was hit hard with some food poisoning that had me in the hospital. I don't remember what it was, but it made me tune into food recall reports.

And those recall reports are FREQUENT, and they're mostly meat.

I'm not a vegetarian, but I cut beef out of my diet last year. Pork is my next one. Chicken is going to be really hard though.

[–] [email protected] 2 points 6 days ago

For years I never thought I could do vegetarian because I would miss bacon and chicken. Over a decade later and both of those things are so far down in my list of things I miss.

load more comments (4 replies)
[–] [email protected] 22 points 1 week ago (9 children)

Can we sue McDonald for all that they did to artificially decrease the cost of beef, and the immense harm that was done to the climate as a result?

load more comments (9 replies)
[–] [email protected] 22 points 1 week ago (1 children)

"This is an absurd accusation. We make money by employing children and undocumented immigrants and violating safety standards, not by colluding on prices." -US meat industry

load more comments (1 replies)
[–] [email protected] 20 points 1 week ago (3 children)

Said one quasi monopolist to the other...

[–] [email protected] 8 points 6 days ago

I'd be OK with giant corporations as if they were actually competing with each other for consumers and labor, paying their fair share of taxes, and weren't allowed to use their revenue to subvert the will of the people by buying politicians.

The problem is that it takes a strong FTC, IRS, NLRB, FEC to ensure the above things, and we know how Republicans and billionaires feel about that.

load more comments (2 replies)
[–] [email protected] 20 points 1 week ago (2 children)

Thank god we have Good guy McDonald’s going after the evil natural beef guys….wait

[–] [email protected] 13 points 1 week ago

And they'll certainly reduce their prices once they get their supply chain work down right? ... Right?

load more comments (1 replies)
[–] [email protected] 19 points 1 week ago (1 children)

They fucked with McDonalds. Big mistake.

[–] [email protected] 31 points 1 week ago (3 children)
[–] [email protected] 5 points 6 days ago

Only available for a Limited Time!

[–] [email protected] 2 points 6 days ago
load more comments (1 replies)
[–] [email protected] 17 points 1 week ago

Hey now, we should salute McDonalds for keeping Big Beef in check. Those prices trickle down to us! /s

[–] [email protected] 15 points 1 week ago

I trust what McDonald's is saying in this case. If anyone knows what collusion to inflate prices and fuck over clients looks like, it's the place with the broken soft serve machines.

[–] [email protected] 12 points 1 week ago (4 children)

Wait, McDonald’s uses real beef?

load more comments (4 replies)
load more comments
view more: next ›