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Meat Processors Settle Beef Pricing Lawsuit

JBS is settling a class-action lawsuit brought against it and Tyson Foods, Cargill and National Beef alleging that the “Big Meat” processors manipulated the cattle supply to drive up beef prices. JBS agreed to a $52.5 million settlement, but the Brazilian meat company with U.S. headquarters in Colorado did not admit liability in price fixing, per Progressive Grocer

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