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With GOP 'Looking at' Tyson's Alleged Market Manipulation, Nebraska Candidate Osborn Says 'Enforce the Law'
"Candidate for Senate Dan Osborn is already doing more for the people affected by the Tyson closure than the current Nebraska senators," said a worker rights advocate.
Dec 12, 2025
Instead of "another investigation" into possible wrongdoing by meatpacking giant Tyson, independent US Senate candidate Dan Osborn is demanding that elected officials in Nebraska simply "pick up the damn phone" and demand action from the Trump administration following the company's closure of one of the nation's largest meat processing plants in what one antitrust expert said was a clear-cut case of market manipulation.
Sen. Pete Ricketts (R-Neb.), whom Osborn is challenging in the 2026 election, said Thursday that his team is "taking a look at any allegation of wrongdoing" by Tyson, weeks after the company announced its massive plant in Lexington, Nebraska is set to close in January—putting more than 3,000 people in a town of 11,000 out of work.
The closure comes months after Tyson boosted its stock buybacks and following an announcement that its adjusted operating income had increased by 26% compared to 2024. Tyson controls about 80% of the US beef market along with three other companies, and the Department of Justice is investigating whether the four corporations are colluding to keep beef prices high.
Despite near-record high prices in the industry, Tyson said last week it was closing the Lexington plant and scaling back operations at its facility in Amarillo, Texas to "right-size its beef business and position it for long-term success."
Basel Musharbash, an antitrust lawyer at Antimonopoly Counsel in Paris, Texas, attended a press conference with Osborn across the street from the Lexington plant this week and said that the "legal analysis here is pretty straightforward" regarding whether Tyson has engaged in market manipulation.
“The Lexington plant accounts for around 5% of the nation’s cattle," said Musharbash. "By shutting down a plant that slaughters such a large portion of the cattle in this region and the country, Tyson will single-handedly reshape the nation’s cattle markets from boom to bust.”
Ranchers will be forced "to accept lower prices, and Tyson will be able to make higher profits," he said.
Osborn and Musharbash say Tyson has broken the 2021 Packers and Stockyards Act, which prohibits meatpackers from engaging "in any course of business or [doing] any act for the purpose or with the effect of manipulating or controlling prices."
Addressing Ricketts on social media, Osborn said Tyson workers "don’t need another useless congressional report that leads to nothing. We need ACTION!"
"Tyson workers and Nebraska ranchers need you to demand that [US Agriculture] Secretary Brooke Rollins immediately initiate an action to hold Tyson accountable for any market manipulation," he said.
The USDA told the Nebraska Examiner this week that it is monitoring "the closure of the plant to ensure compliance with the Packers and Stockyards Act," but Musharbash said Rollins can and should "compel Tyson to either keep the plant open or sell the plant to an upstart rival who will introduce honest competition into this cartelized industry."
"There is nothing left for Ricketts to 'look into,' and Nebraskans certainly don’t need some intern on Ricketts’ staff to write a research paper about this issue for the next six months while Tyson hollows out the Lexington community for its selfish gain," added Musharbash. "Nebraska—and this whole country—deserves better leaders than this."
Osborn pointed out Thursday that Ricketts has taken more than $70,000 in campaign donations from Tyson.
“The people of Lexington need their elected officials to fight now more than ever,” Osborn said at the press conference this week. “The law that’s been on the books for over 100 years should be enforced... So pick up the damn phone, call Brooke Rollins, and get the USDA to enforce the law.”
By visiting Lexington and speaking out against Tyson's gutting of thousands of jobs, former Federal Trade Commission member Alvaro Bedoya said that "candidate for Senate Dan Osborn is already doing more for the people affected by the Tyson closure than the current Nebraska senators."
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Tyson to Close Major Beef Facility, Shafting 3,000 Workers After Boosting Stock Buybacks
"It’s no secret that just a few years ago, packers like Tyson were making windfall profits while the rest of the industry was continuously in the red," said a Republican US senator from Nebraska.
Nov 24, 2025
Tyson Foods, the largest meat supplier in the United States, is shutting down a Nebraska beef-processing plant that employs more than 3,000 people just months after the company rewarded shareholders by boosting its dividend and ramping up stock buybacks.
The company said late last week that its decision to shutter the Lexington, Nebraska plant and scale back shifts at its Amarillo, Texas facility is "designed to right size its beef business and position it for long-term success" even as beef prices are close to record highs. The Wall Street Journal reported that Tyson and other meatpackers, which are facing federal scrutiny for allegedly colluding to drive up prices, "have been losing hundreds of millions of dollars processing beef because of the lowest amount of cattle on U.S. pastures since the 1950s."
Tyson, the latest company to cut thousands of jobs after prioritizing stock-boosting share buybacks, said it intends to provide "relocation benefits" to impacted workers, but provided no details.
"Tyson Foods recognizes the impact these decisions have on team members and the communities where we operate," the company said in a statement.
The plant in Lexington, which has a population of 11,000, is one of the largest beef-processing facilities in the United States. US Sen. Deb Fischer (R-Neb.), a member of the Senate Agriculture Committee, said in a statement that she was "extremely disappointed" by Tyson's decision to close the Lexington plant, warning it would "have a devastating impact on a truly wonderful community, the region, and our state."
"It’s no secret that just a few years ago, packers like Tyson were making windfall profits while the rest of the industry was continuously in the red," Fischer added. "As we head into the holiday season, I call on Tyson to do everything in its power to take care of the families affected by this short-sighted decision."
Tyson's announcement came days after the company said its adjusted operating income increased by 26% this fiscal year compared to 2024. The company also said it repurchased 3.5 million of its own shares for $196 million.
In early August, Tyson announced that its board "approved an increase of 43 million shares authorized for repurchase under the company’s share repurchase program."
Stock buybacks have long been associated with mass layoffs, wage stagnation, and other harms to workers.
"Tens of thousands of workers are losing their jobs in thousands of companies only because CEOs and their major stockholders want to make a quick killing by artificially jacking up the price of their stock," Les Leopold, executive director of the Labor Institute, told Common Dreams last year after mass layoffs at John Deere.
"We must always call stock buybacks for what they really are: blatant stock manipulation," he added.
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Fetterman Calls for Prosecution of Corporate Executives 'Gouging Consumers'
"It's gross, and deeply unpatriotic, for the big corporations to be rolling around in cash while charging us record-high prices for gas and groceries," said the Democratic U.S. Senate candidate.
Aug 22, 2022
Pennsylvania U.S. Senate candidate John Fetterman made the case Sunday for prosecuting corporate executives as part of a broader government crackdown on unlawful price gouging and other business practices that have driven up the costs of medicine, groceries, and gas--padding company bottom lines at the expense of consumers.
"Take the massive oil companies, for example," the Democratic candidate wrote in an op-ed for the Pennsylvania Times Leader. "Chevron, Exxon, and Shell have seen their profits increase 200% since last year, but they're still charging us sky-high prices for gas. Companies like Tyson posted over a billion dollars in profits last quarter, while raising prices on meat products our families depend on."
"Out-of-touch politicians got us into this mess, we can't trust an out-of-touch millionaire TV doctor to get us out of it."
"It's gross, and deeply unpatriotic, for the big corporations to be rolling around in cash while charging us record-high prices for gas and groceries," wrote Fetterman, who is currently Pennsylvania's lieutenant governor. "We'll crack down on this by prosecuting the executives of these huge corporations, including the Big Oil companies and meatpacking companies who are artificially driving up prices, gouging consumers at the pump and at the grocery store."
Fetterman's op-ed comes just over a week after he held his first major public event since suffering a stroke in mid-May, days before the Democratic primary contest that he won handily.
The Democrat's general election campaign in the critical battleground Pennsylvania--a state that could determine which party controls the U.S. Senate next year--currently enjoys a double-digit polling lead over his Republican opponent, the former celebrity television personality and ultra-millionaire Dr. Mehmet Oz.
Fetterman is looking to press his advantage by continuing to deploy populist messaging that presents Oz as a carpetbagger whose extreme wealth and ties to corporate interests such as Big Pharma render him unfit to deliver for the working class, whose earnings are being eroded by surging prescription drug prices, housing costs, and other inflationary trends.
According to one recent analysis, pharmaceutical companies in the U.S. have raised drug prices more than 1,100 times so far this year.
"Let's be clear: Dr. Oz just isn't connected to the struggles that Pennsylvanians are facing every day," Fetterman wrote in his new op-ed. "While he's been complaining about rising prices from his New Jersey Mansion, I've been meeting Pennsylvanians on grocery store runs, speaking with them about the challenges they're facing, and finding real policy solutions that get stuff done and make their lives better."
"Working Pennsylvanians are getting screwed," he continued. "While costs are rising and wages are failing to keep up, too many of our leaders in Washington simply aren't doing enough. Out-of-touch politicians got us into this mess, we can't trust an out-of-touch millionaire TV doctor to get us out of it."
In addition to prosecuting corporate executives for price-gouging and other abuses, Fetterman voices support for a range of policy solutions aimed at tackling rising costs and inequality, including:
- Enacting a financial transaction tax on trades of stocks, bonds, and derivatives;
- Ending the stranglehold of healthcare costs on American families by instituting a cap of a thousand dollars per year on out-of-pocket costs;
- Passing legislation to allow for the importation of lower-priced prescription drugs from other countries; and
- Putting a cap on prescription drug costs.
"If we start getting stuff done, starting with these priorities I've listed," Fetterman wrote, "we can make real change for the towns, cities, and people of Pennsylvania."
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