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DOJ Probes Tyson Foods For Manipulating Beef & Cattle Packing Markets

By  |  August 3, 2020

Tyson Foods announced in a filing that it is under investigation by the Department of Justice’s Antitrust Division. Tyson received a notice of the investigation on May 22, which is focused on its beef and cattle packing markets. 

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    The company stated it has been cooperating with the investigation. Tyson reported fiscal third-quarter earnings that beat expectations on Monday, August 3. Tyson stock has gained nearly 3% in Monday trading, but has slumped 30.5% for the year to date.

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