Tyson Foods has agreed to pay $82.5 million to settle a class-action lawsuit brought by grocers and distributors who alleged the meat processor illegally inflated beef prices for years, according to court documents filed last week.
The lawsuit also named Cargill and JBS, accusing the companies of conspiring to artificially raise beef prices between 2015 and 2021. JBS previously paid $52.5 million to settle the case in 2022. Tyson’s settlement covers claimants including regional grocery chain Redner’s Markets, but still requires court approval.
The settlement comes as major meat companies resolve a series of lawsuits from consumers, distributors, and grocery stores alleging price-fixing in beef, pork, and chicken. Tyson previously agreed to pay $55 million to settle consumer lawsuits over beef price manipulation and $85 million last fall in a pork price-fixing case.
Beef accounted for roughly 40% of Tyson’s $54 billion revenue in 2024. Rising prices prompted the Trump administration to ease some tariffs to increase supply and launch investigations into potential price-fixing by foreign-owned companies.
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