Newly-elected National Cattlemen’s Beef Association President Don Schiefelbein says it’s hard to accept that JBS is willing to pay over $50 million to settle allegations of price-fixing while refusing to admit any wrongdoing. “For cattle producers across the land, it’s hard to accept that you’re going to pay a huge amount, but you did nothing wrong.” The settlement comes in the dust of President Biden recently announcing his administration’s intention to level the playing field in the meat sector. NCBA has worked directly with members of Congress to press the Justice Department for an update about this investigation. “We need to have answers; we asked for the DOJ investigation almost two years ago and haven’t heard a peep from them. Yet here we are seeing settlements occur. To me, beef producers deserve more answers in terms of what happened and how big was it.” This isn’t the first time JBS has been under the crossfire. In 2020, JBS settled for $24.5 million surrounding price-fixing claims.
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