Specht v. Cargill, Incorporated

U.S. District Court, District of Minnesota

Specht v. Cargill, Incorporated

Trial Court Opinion

                   UNITED STATES DISTRICT COURT                          
                      DISTRICT OF MINNESOTA                              
IN RE CATTLE AND BEEF ANTITRUST                                          
LITIGATION                                                               
                                     MDL No. 22-3031 (JRT/JFD)           




This Document Relates To:                                                
                                 MEMORANDUM OPINION AND ORDER            

                                   GRANTING PLAINTIFFS LEAVE TO          
THE INDIRECT SELLER ACTION,                                              
                                 AMEND FIRST AMENDED COMPLAINT           
Civil No. 22-2903                                                        



    Richard M. Paul III, PAUL LLP, 601 Walnut Street, Suite 300, Kansas City, MO 
    64106; Michael Montaño, GUERRA LLP, 875 East Ashby Place, Suite 1200, 
    San Antonio, TX 78212, for Plaintiffs.                               

    Michelle K. Fischer, JONES DAY, 901 Lakeside Avenue, Cleveland, OH 44114; 
    Benjamin  L.  Ellison,  JONES  DAY,  90  South  Seventh  Street,  Suite  4950, 
    Minneapolis, MN 55402, for Defendant National Beef Packing Company,  
    LLC.                                                                 

    Jon B. Jacobs, PERKINS COIE LLP, 700 Thirteenth Street, Northwest, Suite 
    800, Washington, DC 20005, for Defendants Tyson Foods, Inc. and Tyson 
    Fresh Meats, Inc.                                                    

    Sami H. Rashid and Jessica J. Nelson, SPENCER FANE LLP, 100 South Fifth 
    Street, Suite 2500, Minneapolis, MN 55402, for Defendants JBS USA Food 
    Company, JBS Packerland, Inc., Swift Beef Company, and JBS S.A.      

    Holley C. M. Horrell, GREENE ESPEL PLLP, 222 South Ninth Street, Suite 
    2200, Minneapolis, MN 55402, for Defendants Cargill, Inc. and Cargill Meat 
    Solutions Corporation.                                               


    The putative Indirect Seller Class (“Plaintiffs”) seek leave to amend their First 
Amended Complaint on behalf of producers of feeder cattle who indirectly sold cattle to 
one or more Defendants in this multidistrict litigation alleging price-fixing in the beef 
packing  industry.    Defendants  Cargill,  Inc.;  Cargill  Meat  Solutions  Corporation;  JBS 

Packerland, Inc.; JBS S.A.; JBS USA Food Company; National Beef Packing Company, LLC; 
Swift Beef Company; Tyson Foods, Inc.; and Tyson Fresh Meats, Inc. oppose Plaintiffs’ 
motion.  Because the proposed Second Amended Complaint narrows the classes and 
claims to those on behalf of producers of feeder cattle and provides bolstered allegations 

that support antitrust standing, the Court is satisfied that the proposed amendment 
would cure the deficiencies previously identified by the Court at the pleading stage.  
Accordingly, because good cause exists, Defendants would not be unduly prejudiced, and 

the proposed amendment would not be futile, the Court will grant Plaintiffs leave to 
amend their First Amended Complaint.                                      
                          BACKGROUND                                     
    The Court has comprehensively addressed the background of the Indirect Seller 

Action in prior orders, see, e.g., In re Cattle and Beef Antitrust Litig., 
687 F. Supp. 3d 828
, 
834–36 (D. Minn. 2023), and Plaintiffs’ allegations largely mirror those of the other Class 
Plaintiffs in this multidistrict litigation, see In re Cattle Antitrust Litig., No. 19-1222, 
2021 WL 7757881
, at *1–2 (D. Minn. Sept. 14, 2021).  As such, the Court will only include the 

factual and procedural history necessary for the current motion.          
    The Second Amended Complaint narrows the putative class of plaintiffs.  In the 
original complaint, the Court construed the putative class to consist of cow-calf ranchers, 
who are the first step in the beef supply chain.  In re Cattle and Beef Antitrust Litig., 687 
F. Supp. 3d at 835 n.2.  Then, in the First Amended Complaint, Plaintiffs redefined 
themselves as producers of feeder cattle, including all indirect sellers, such as cow-calf 

ranchers, stockers, and backgrounders.  In re Cattle and Beef Antitrust Litig., No. 22-3031, 
2024 WL 2728280
, at *1 (D. Minn. May 28, 2024).  Now, the Second Amended Complaint 
narrows the putative class to indirect sellers who sold feeder cattle directly to a feedlot 
or finishing operation that in turn sold fed cattle to one or more Defendants.  (Aff. Richard 

M. Paul III ¶ 3, Ex. 1 (“2nd Am. Compl.”) ¶¶ 1 & n.1, 316–18, July 3, 2024, Docket No. 720.)1  
Plaintiffs re-define “feeder cattle” in the Second Amended Complaint as:  
         large or medium #1 or #2 steers or heifers sold directly to     
         feedlots or finishing operations at a weight between 700 and    
         899  pounds  via  face-to-face  sales,  video  auction  sales,  
         internet auction sales, and live auction sales, as understood   
         by the industry at large, which are fed to slaughter weight and 
         sold  to  packers  for  beef  production.  .  .  .  A  “feedlot”  or 
         “finishing operation” is a plot of land on which cattle are fed 
         intensively to reach slaughter weight.                          

(Id. ¶ 1 n.1.)                                                            
    The Second Amended Complaint also alleges several new facts about both the 
Plaintiffs and the Defendants.  As to Plaintiffs, the Second Amended Complaint includes 
new allegations to establish that Plaintiffs are producers of feeder cattle.  In particular, 
the allegations detail the named Plaintiffs’ sales of feeder cattle, including the number, 
weight, and frame of the cattle sold and how they were sold.  The named Plaintiffs now 


    1 Unless otherwise noted, all record citations are to ECF No. 22-3031. 
include David Hyatt, who was included in the First Amended Complaint, as well as Expense 
Reduction Services, Inc. (“ERS”) and Terry Faul.  (Id. ¶¶ 26–28; see also Am Compl. ¶ 27, 

Oct. 18, 2023, Docket No. 371.)  David Hyatt, a cattle rancher, alleges that he “raised and 
sold approximately 100 medium and/or large frame #1 or #2 feeder cattle in the 700 to 
899-pound range every year during the Class Period” to feedlots.  (2nd Am. Compl. ¶ 26.)  
ERS, which owns and operates a cattle ranch in Texas, and Terry Faul, another cattle 

rancher, similarly allege sales of 120 to 200 head of medium and/or large frame #1 or #2 
feeder cattle to feedlots when they were between 700 and 899 pounds to feedlots since 
2015.  (Id. ¶¶ 27–28.)  All three named Plaintiffs allege that, on information and belief, 

their  feeder  cattle  were  fed  to  slaughter  weight  and  sold  directly  to  one  or  more 
Defendants for the production of beef.  (Id. ¶¶ 26–28.)                   
    As  to  Defendants,  the  factual  allegations  in  the  proposed  Second  Amended 
Complaint remain largely the same as those outlined in the Court’s prior orders.  See In re 

Cattle and Beef Antitrust Litig., 687 F. Supp. 3d at 834–35; In re Cattle and Beef Antitrust 
Litig., 
2024 WL 2728280
, at *1–2.  As before, Plaintiffs allege that Defendants conspired 
to suppress the price of fed cattle they bought in the United States beginning no later 
than January 2015, and that Defendants’ coordinated conduct caused a collapse in fed 

cattle prices and a consequent collapse in feeder cattle prices, which harmed Plaintiffs.  
(2nd Am. Compl. ¶¶ 1, 4.)                                                 
     However, the Second Amendment Complaint also provides bolstered allegations 
and documents to support the alleged relationship between feeder cattle prices and fed 
cattle prices.  (See 
id.
  741 235-38, 240-42, 246-49.)  As demonstrated by the following 
figure, Plaintiffs allege a causal relationship between feeder cattle futures prices, which 
correspond to the prices paid for feeder cattle, and fed cattle futures prices during the 
alleged conspiracy period.  (/d. 14] 237, 239.) 
Actual and forecast annual cattle prices indexed to 2000 
 Index 2000=100 
 275 
 a     =——Fed Steer  -teFeederSteer  —tl-Cull cow 
 225                                          / ~\
 200                                         /                       Kh 
 175                                   b=         — 
 150                                fv 
 125               ———     a  a    Fe 
 100 
  75 
     PS  HG     HP  HP  Sh  PP  WO  Nd  Ah  KP  nh  0  WO  Xt  WO  0  PP  gs  Gh  of  □□ 
   FEELS         SSS  SSS   SSS  SSS   KH   SKS 
 Source: USDA, ERS calculations using data from USDA, Agricultural Marketing Service (AMS). 

(id.  4  237,  Figure 22.)  Plaintiffs allege that “the demand  and  price of feeder cattle is 
primarily driven  by the current price and future price of fed cattle.”  (/d.  4 249.)  Plus, 
instead of relying on  publicly available articles and journals from  industry experts, the 
Second Amended Complaint features documents from  Defendants’ own  production to 
support  a  causal  relationship,  including  a  letter  from  a  feedlot  (that  at  least  some 

                                    -5- 

Defendants allegedly do business with) explaining how fed cattle prices impact the price 
of feeder cattle.  (Id. ¶ 238.)                                           

    Plaintiffs also newly allege that Defendants tracked the price of feeder cattle and 
that at least some Defendants purchased and hedged feeder cattle futures to manage 
their financial risk during the relevant period.  (See 
id.
 ¶¶ 250–52.)  Additionally, the 
Second Amended Complaint provides analyses of USDA data to supplement Plaintiffs’ 

allegations that the prices of feeder cattle and the prices of fed cattle are inextricably 
linked.  Specifically, Plaintiffs provide analyses of the relationship between daily feeder 
cattle  and  fed  cattle  prices  during  the  relevant  period  across  five  USDA  Livestock 

Mandatory Reporting Regions: (1) Colorado, (2) Iowa and Minnesota, (3) Kansas, (4) 
Nebraska, and (5) Texas, New Mexico, and Oklahoma.  (See id. ¶ 255, Figure 24.) 
    The parties have continued with discovery since the Court’s Order dismissing the 
First Amended Complaint without prejudice.  (Stip. Concerning Specht Pls.’ Mot. for Leave 

to Amend at 2, June 14, 2024, Docket No. 708.)  With the Court’s permission, Plaintiffs 
moved to file their proposed Second Amended Complaint on July 3, 2024.  (Order on Stip. 
Concerning Specht Pls.’ Mot. for Leave to Amend at 1, June 17, 2024, Docket No. 711; Pls.’ 
Mot. to Alter/Amend/Suppl. Pleadings, July 3, 2024, Docket No. 717.)  Defendants oppose 

the motion.  (Defs.’ Mem. Opp’n, July 24, 2024, Docket No. 746.)  The Court’s pretrial 
scheduling order required motions to amend pleadings without leave of the Court to be 
filed by October 3, 2023.  (Order at 4, Jan. 24, 2023, Docket No. 129.)  Fact discovery is 
set to close on January 7, 2025.  (2nd Order Amending Case Schedule at 4, Mar. 5, 2024, 
Docket No. 575.)                                                          

                           DISCUSSION                                    
I.   STANDARD OF REVIEW                                                   
    Plaintiffs’ motion for leave to amend implicates standards of review from two 
federal rules of civil procedure.  Sherman v. Winco Fireworks, Inc., 
532 F.3d 709
, 714–15 
(8th Cir. 2008).  First, after an answer has been filed in response to a complaint, a party 

may amend its pleading with leave from the Court, which should be “freely give[n] . . . 
when justice so requires.”  Fed. R. Civ. P. 15(a)(2).  In determining whether leave to amend 
should be given, courts consider whether “there are compelling reasons such as undue 

delay, bad faith, or dilatory motive, repeated failure to cure deficiencies by amendments 
previously  allowed,  undue  prejudice  to  the  non-moving  party,  or  futility  of  the 
amendment.”  Moses.com Secs., Inc. v. Comprehensive Software Sys., Inc., 
406 F.3d 1052, 1065
 (8th Cir. 2005) (quoting Hammer v. City of Osage Beach, 
318 F.3d 832, 844
 (8th Cir. 

2003)).  “[T]he grant or denial of an opportunity to amend is within the discretion of the 
District Court.”  Foman v. Davis, 
371 U.S. 178, 182
 (1962).               
    Additionally, a pretrial scheduling order can be modified “only for good cause and 
with the judge’s consent.”  Fed. R. Civ. P. 16(b)(4); see also Freeman v. Busch, 
349 F.3d 582, 589
 (8th Cir. 2003) (“When the district court has filed a Rule 16 pretrial scheduling 
order, it may properly require that good cause be shown for leave to file an amended 
pleading that is substantially out of time under that order.”).  The movant bears the 
burden of showing good cause exists, and “[e]ven then the district court retains discretion 
as to whether to grant the motion.”  Bradford v. DANA Corp., 
249 F.3d 807, 809
 (8th Cir. 

2001).  “The primary measure of good cause is the movant’s diligence in attempting to 
meet the order’s requirements.”  Sherman, 
532 F.3d at 716
 (citation omitted).  
II.  PLAINTIFFS’ MOTION FOR LEAVE TO AMEND                                
    The parties’ dispute largely centers around three issues: (1) whether good cause 

exists for granting Plaintiffs leave to amend; (2) if good cause exists, whether granting 
leave to amend at this stage of the multidistrict litigation would prejudice Defendants; 
and (3) whether Plaintiffs’ proposed amendment would be futile given the heightened 
antitrust standing requirements.  The Court will analyze each issue in turn. 

    A.   Good Cause                                                      
    Plaintiffs bear the burden of establishing that good cause exists to grant them leave 
to amend their complaint a second time, which would effectively modify the pretrial 
scheduling order’s deadline for motions to amend pleadings.
2 Bradford, 249
 F.3d at 809.  

Good cause exists if the movant was diligent in trying to meet the scheduling order’s 


    2 The parties dispute whether Federal Rule of Civil Procedure 16, which governs pretrial 
scheduling orders and management, is implicated.   Because this case’s pretrial scheduling order 
was silent as to the deadline for filing motions to amend pleadings with leave of the Court, 
Plaintiffs  contend  their  motion  does  not  violate  any  pretrial  scheduling  order  deadlines.  
However, the Court finds that Rule 16 is implicated even though the scheduling order did not 
specify a deadline for motions to amend with leave.  See In re Milk Prod. Antitrust Litig., 
195 F.3d 430
, 437–38 (8th Cir. 1999) (“If we considered only Rule 15(a) without regard to Rule 16(b), we 
would render scheduling orders meaningless and effectively would read Rule 16(b) and its good 
cause requirement out of the Federal Rules of Civil Procedure.”).         
deadlines.  Sherman, 
532 F.3d at 716
.  Still, while diligence is the primary factor for 
assessing good cause, nothing limits the Court’s “broad discretion in establishing and 

enforcing the deadlines” in the scheduling order.  See Marmo v. Tyson Fresh Meats, Inc., 
457 F.3d 748, 759
 (8th Cir. 2006).                                        
    Plaintiffs have met their burden of demonstrating diligence in trying to meet the 
Court’s scheduling order deadline.  Plaintiffs filed their original complaint well before the 

close  of  fact  discovery.    And  they  have  promptly  tried  to  rectify  their  complaints’ 
deficiencies after each round of motions to dismiss.  Cf. Pliam v. Cendant Mortg. Corp., 
No. 11-3720, 
2012 WL 1439035
, at *4 (D. Minn. Apr. 26, 2012).  Plaintiffs’ motion to 

amend came approximately nine months after the pretrial scheduling order’s deadline for 
motions to amend pleadings without leave of the Court, but because the scheduling order 
did not set a specific deadline for the filing of motions to amend pleadings with leave of 
the Court, it is unclear exactly how late Plaintiffs filed their motion.  At any rate, Plaintiffs’ 

motion to amend comes six months before the fact discovery deadline and before 
summary judgment deadlines or a trial date have been set.  Overall, these circumstances 
do  not  suggest  that  Plaintiffs  have  lacked  diligence  in  trying  to  meet  the  Court’s 
scheduling  order  deadline.    In  this  complex  antitrust  multidistrict  litigation,  where 

Plaintiffs seek to represent indirect sellers, the Court rejects the notion that Plaintiffs’ 
delay was unwarranted.  Cf. Sherman, 
532 F.3d at 717
.  Because Plaintiffs have been 
sufficiently diligent in trying to meet the Court’s scheduling order’s deadline, the Court 
finds good cause exists to permit them to amend their First Amended Complaint. 

    B.   Prejudice to Defendants                                         
    Because the Court finds that good cause exists, it will now consider whether 
granting Plaintiffs leave to amend would unduly prejudice Defendants.  
Id.
  Delay alone is 
insufficient to justify denial of leave to amend.  Moses.com Secs., Inc., 
406 F.3d at 1065
.  

In addition, there must be prejudice to the nonmovant, which Defendants bear the 
burden of showing.  Id.; Sanders v. Clemco Indus., 
823 F.2d 214, 217
 (8th Cir. 1987).  The 
prejudice to the nonmovant “must be balanced against the hardship to the moving party 
if it is denied” leave to amend.  Buder v. Merrill Lynch, Pierce, Fenner & Smith, Inc., 
644 F.2d 690, 694
 (8th Cir. 1981).                                            
    Defendants argue that granting Plaintiffs leave to amend their complaint a second 
time would prejudice them because Plaintiffs’ case has significantly transformed since 

their first complaint.  Plaintiffs seek to narrow their class and claims to a subset of direct-
to-feedlot sellers of beef, effectively excluding upstream cow-calf ranchers who were 
named in the previous complaints.  However, Defendants have been on notice at least 
since October 2023, when Plaintiffs filed their First Amended Complaint, that Plaintiffs 

were intending to represent sellers of feeder cattle, some of whom made direct-to-
feedlot sales.  Indeed, Plaintiff David Hyatt was named in the First Amended Complaint.  
Moreover, Plaintiffs’ claims are substantially the same as before, merely narrowed.  See 
Buder, 
644 F.2d at 694
 (finding no undue prejudice where the amended claims were 
substantially similar to those asserted in the original complaint).       

    Defendants also claim that allowing Plaintiffs to amend would disrupt the existing 
case schedule and thereby burden the Court and prejudice Defendants by “subjecting 
them to the inefficiencies and challenges of having to deal with yet another workstream” 
in this “already sprawling MDL.”  (Defs.’ Mem. Opp’n at 12.)  However, Plaintiffs have 

represented that they seek to proceed on the same schedule that governs all the other 
parties in the multidistrict litigation.  And the parties have continued with discovery since 
the Court’s Order dismissing the First Amended Complaint.  Thus, Defendants’ concerns 

of prejudice from a separate scheduling track are premature.              
    On balance, the Court finds that any prejudice to Defendants would be outweighed 
by the hardship to Plaintiffs in being denied the opportunity to try the merits of their 
claims in this large price-fixing multidistrict litigation.  Foman, 
371 U.S. at 182
.  As such, 

Defendants will not be unduly prejudiced by Plaintiffs’ amendment.        
    C.   Futility                                                        
    Finally, the Court will consider whether Plaintiffs’ proposed amendment would be 
futile.  Moses.com Secs., Inc., 
406 F.3d at 1065
.  “Denial of a motion for leave to amend 

on the basis of futility ‘means the district court has reached the legal conclusion that the 
amended complaint could not withstand a motion to dismiss under Rule 12(b)(6) of the 
Federal Rules of Civil Procedure.’”  Zutz v. Nelson, 
601 F.3d 842, 850
 (8th Cir. 2010) 
(quoting Cornelia I. Crowell GST Tr. v. Possis Med., Inc., 
519 F.3d 778, 782
 (8th Cir. 2008)).  
“[A] motion to amend should be denied on the merits only if it asserts clearly frivolous 
claims or defenses.”  Becker v. Univ. of Nebraska, 
191 F.3d 904, 908
 (8th Cir. 1999) (citation 

and internal quotations omitted).                                         
    In reviewing a motion to dismiss under Federal Rule of Civil Procedure 12(b)(6), the 
Court considers all facts alleged in the complaint as true to determine if the complaint 
states a “claim to relief that is plausible on its face.”  Braden v. Wal-Mart Stores, Inc., 
588 F.3d 585, 594
 (8th Cir. 2009) (quoting Ashcroft v. Iqbal, 
556 U.S. 662, 678
 (2009)).  “A claim 
has facial plausibility when the plaintiff pleads factual content that allows the court to 
draw the reasonable inference that the defendant is liable for the misconduct alleged.”  

Iqbal, 
556 U.S. at 678
.  The Court construes the complaint in the light most favorable to 
the plaintiff, drawing all inferences in the plaintiff’s favor.  Ashley Cnty. v. Pfizer, Inc., 
552 F.3d 659, 665
 (8th Cir. 2009).  Still, although the Court accepts the complaint’s factual 
allegations as true and construes the complaint in a light most favorable to the plaintiff, 

it is “not bound to accept as true a legal conclusion couched as a factual allegation.”  
Papasan v. Allain, 
478 U.S. 265, 286
, (1986).  In other words, a complaint “does not need 
detailed factual allegations” but must include more “than labels and conclusions, and a 
formulaic recitation of the elements” to meet the plausibility standard.  Bell Atl. Corp. v. 

Twombly, 
550 U.S. 544, 555
 (2007).  At the motion to dismiss stage, the Court may 
consider the allegations in the complaint as well as “those materials that are necessarily 
embraced by the pleadings.”  Schriener v. Quicken Loans, Inc., 
774 F.3d 442, 444
 (8th Cir. 
2014).                                                                    

    The primary issue is whether Plaintiffs satisfy antitrust standing requirements with 
their amendment.  In evaluating antitrust standing, the Court considers the six factors 
from Associated General Contractors of California, Inc. v. California State Council of 
Carpenters, 
459 U.S. 519
 (1983) (“AGC”):                                  

         (1)  The  causal  connection  between  the  alleged  antitrust  
         violation and the harm to the plaintiff; (2) Improper motive;   
         (3) Whether the injury was of a type that Congress sought to    
         redress with the antitrust laws; (4) The directness between     
         the injury and the market restraint; (5) The speculative nature 
         of  the  damages;  (6)  The  risk  of  duplicate  recoveries  or 
         complex damage apportionment.                                   

Midwest Commc’ns v. Minn. Twins, Inc., 
779 F.2d 444
, 450 n.6 (8th Cir. 1985).3  The 
appropriate inquiry is whether “the plaintiff [is] the target of the anticompetitive activity, 
not one who has merely suffered indirect, secondary, or remote injury.”  
Id. at 451
 
(citation and internal quotations omitted).  The Court will analyze each antitrust standing 
factor in light of Plaintiffs’ proposed amendment in turn.                


    3 The Supreme Court has also held that indirect purchasers do not have standing to seek 
damages under federal antitrust law.  Illinois Brick Co. v. Illinois, 
431 U.S. 720
 (1977).  Though it 
is so far unclear whether that restriction also applies to indirect sellers, Plaintiffs nevertheless 
bring claims for injunctive relief under federal law and claims for damages under state law, both 
of which are exceptions to the Illinois Brick ruling.  In re Pre-Filled Propane Tank Antitrust Litig., 
893 F.3d 1047, 1058
 (8th Cir. 2018); California v. ARC Am. Corp., 
490 U.S. 93
, 101 (1989). 
         1.   Causal Connection                                          
    First,  the  Court  must  consider  the  “causal  connection  between  the  alleged 

antitrust violation and the harm to the plaintiff.”  McDonald v. Johnson & Johnson, 
722 F.2d 1370, 1374
 (8th Cir. 1983).  The Court previously found this factor weighed against 
antitrust standing because the causal connection between Defendants’ alleged conduct 
and Plaintiffs’ harm was too attenuated.  In re Cattle and Beef Antitrust Litig., 
2024 WL 2728280
, at *3–4.  Additionally, Plaintiffs’ allegations were insufficient to demonstrate 
that Plaintiffs were targeted by the alleged conspiracy.  
Id.
             
    Plaintiffs re-allege that Defendants conspired to suppress the price of fed cattle, 
which caused a corresponding suppression of the price of feeder cattle.  Plaintiffs newly 

allege they are producers of feeder cattle as that term appears to be defined by the 
industry and Chicago Mercantile Exchange (“CME”).  Compare 2nd Am. Compl. ¶ 1 n.1 
(redefining “feeder cattle”), with In re Cattle and Beef Antitrust Litig., 
2024 WL 2728280
, 

at *4 (noting CME’s definition of feeder cattle as “medium and large frame cattle being 
placed on feed at the feedlot that are between 700 to 899 pounds”).  This amendment 
cures  the  disparity  between  the  allegations  and  data  related  to  feeder  cattle  and 
Plaintiffs’ cattle operations, supporting a causal connection between Plaintiffs’ harm and 

Defendants’ alleged conduct.  Defendants’ attacks regarding the difference between 
feeder cattle futures versus live cattle futures and between causation versus correlation 
do not defeat Plaintiffs’ claims at the pleading stage.  See Sanner v. Bd. of Trade of City of 
Chicago, 
62 F.3d 918, 929
 (7th Cir. 1995) (“The fact that cash and futures markets may be 
distinguished certainly does not show that they are unrelated for the purposes of antitrust 
standing analysis.”); see also Utesch v. Dittmer, 
947 F.2d 321
, 323–24 (8th Cir. 1991) 

(discussing the cattle cash and future markets).  The factual allegations must allow the 
Court to draw the reasonable inference that the relationship is causal.  Iqbal, 
556 U.S. at 678
.  Plaintiffs allege that feeder cattle prices and fed cattle prices are connected through 
the futures data.  This is sufficient to connect Plaintiffs to Defendants’ alleged price-fixing 

at the pleading stage.                                                    
    Defendants argue that Plaintiffs’ amendment impermissibly contradicts the First 
Amended Complaint such that Plaintiffs have not established that they are producers of 

feeder cattle.  See ecoNugenics, Inc. v. Bioenergy Life Sci., 
355 F. Supp. 3d 785, 794
 (D. 
Minn. 2019); Peirce v. Aswegan, No. 22-2664, 
2023 WL 2898595
, at *4 (D. Minn. Apr. 11, 
2023).  Specifically, Defendants contend that in the First Amended Complaint, named 
Plaintiff David Hyatt alleged that he sold “one to two loads of feeder cattle to a feedlot” 

for the past two years, but now in the Second Amended Complaint alleges that he sold 
feeder cattle to feedlots every year during the class period.  (Am. Compl. ¶ 27; 2nd Am. 
Compl. ¶ 26.)  However, both allegations can be true under Plaintiffs’ new definition of 
feeder cattle: Hyatt could have sold feeder cattle under Plaintiffs’ new definition to 

feedlots through video auctions every year of the class period and could have sold feeder 
cattle under the old definition to feedlots through  sale barns for two years.   Such 
allegations  do  not  necessarily  contradict  in  the  sense  that  courts  have  found 
impermissible.  See ecoNugenics, Inc., 
355 F. Supp. 3d at 794
 (finding previous allegation 
that defendant did not administer drug improperly contradicted with new allegation that 

defendant administered drug).                                             
    Defendants also argue that Plaintiffs should not be allowed to benefit from cases 
like Plubell v. Merck & Co., Inc., 
434 F.3d 1070
, 1071–72 (8th Cir. 2006) in “switching” to a 
different part of the beef supply chain on behalf of a different roster of named plaintiffs.  

However, Federal Rule of Civil Procedure 15(c) permits an amendment if it relates back 
to the original complaint.  “[A]n amendment relates back if the defendant knew or should 
have known that it would be called on to defend against claims asserted by the newly-

added plaintiff, unless the defendant would be unfairly prejudiced in maintaining a 
defense against the newly-added plaintiff.”  Plubell, 
434 F.3d at 1072
 (citation and internal 
quotations omitted).  Plaintiffs’ narrowed class and claims relate back to their original 
complaint.  The claims remain substantially the same, and Defendants have been on 

notice since Plaintiffs’ opposition to their first motion to dismiss that Plaintiffs were 
intending to represent more than just cow-calf ranchers.  See In re Cattle and Beef 
Antitrust Litig., 687 F. Supp. 3d at 834 n.2.                             
    Whether Plaintiffs have plausibly alleged that they were the target of the alleged 

conspiracy is another matter.  Minn. Twins, 
779 F.2d at 451
.  It is insufficient for Plaintiffs 
to have “merely suffered indirect, secondary, or remote injury.”  
Id.
 (quotation omitted).  
On the one hand, Plaintiffs allege that the purpose of the alleged conspiracy was “to 
suppress the price of fed cattle in the United States, causing a corresponding suppression 
of the price of feeder cattle.”  (2nd Am. Compl. ¶ 1.)  This allegation weighs against 

antitrust  standing  because  it  suggests  that  Plaintiffs  were  tangentially  harmed  by 
Defendants’ alleged conduct, not specifically targeted.  However, new allegations support 
the plausibility of Defendants targeting Plaintiffs.  For example, Plaintiffs newly allege that 
Defendants  tracked  the  price  of  feeder  cattle  and  that  at  least  some  Defendants 

purchased and hedged feeder cattle futures during the relevant period.  (See 
id.
 ¶¶ 250–
52.)  Allegations that Defendants were tracking the prices of feeder cattle support a 
reasonable inference that Defendants were targeting the prices of feeder cattle as well 

as the prices of fed cattle.  Because Plaintiffs’ allegations regarding Defendants’ targeting 
weigh for and against standing, the Court finds that the causal connection factor is now 
neutral, weighing neither for nor against antitrust standing.             
         2.   Improper Motive                                            

    The next factor is whether there was any improper motive on the part of the 
Defendants.  McDonald, 
722 F.2d at 1374
.  The Court has twice held that while motivation 
to increase profits is not inherently improper, this factor weighs in favor of antitrust 
standing given the broader context of Plaintiffs’ price-fixing allegations.  In re Cattle and 

Beef Antitrust Litig., 
2024 WL 2728280
, at *5.  Because nothing in Plaintiffs’ proposed 
amendment would change this conclusion—which the parties do not challenge—the 
Court concludes that the improper motive factor still weighs in favor of standing. 
         3.   Type of Injury                                             
    The Court must next consider whether “the injury was of a type that Congress 

sought to redress with antitrust laws.”  McDonald, 
722 F.2d at 1374
.  A party can show 
that they have suffered the type of injury that Congress sought to protect if their injury is 
“inextricably intertwined with the injury the conspiracies sought to inflict on . . . the 
[relevant] market.”  Blue Shield of Virginia v. McCready, 
457 U.S. 465, 484
 (1982) (finding 

that a subscriber had standing to sue a health plan for conspiring with psychiatrists to 
deny reimbursement for care provided by psychologists because the subscriber’s injury 
was  “inextricably  intertwined  with  the  injury  the  conspirators  sought  to  inflict  on 
psychologist in the psychotherapy market”); see also Henke Enterprises, Inc. v. Hy-Vee 

Food Stores, Inc., 
749 F.2d 488
, 489–90 (8th Cir. 1984) (finding a hardware store did not 
have standing to bring an antitrust claim involving the retail grocery store market because 
the hardware store’s injury was not inextricably intertwined with the retail grocery store 

market).                                                                  
    The Court previously determined this factor was neutral.  Plaintiffs’ alleged injury 
suggests it was the type of injury that Congress sought to protect, but Plaintiffs failed to 
clearly demonstrate they were in the same market.  In re Cattle and Beef Antitrust Litig., 

2024 WL 2728280
, at *5.  In the First Amended Complaint, Plaintiffs had not alleged they 
were producers of feeder cattle specifically and were thus too many steps removed from 
Defendants.  
Id.
                                                          
    However, the proposed amendment narrows Plaintiffs’ claims to those on behalf 
of producers of feeder cattle—who are only one step removed from Defendants.  There 

are also additional allegations and data regarding the relationship between feeder cattle 
and fed cattle prices.  (See, e.g., 2nd Am. Compl. ¶ 237, Figure 22.)  Plaintiffs newly allege 
that “[i]ndustry data demonstrates the impact fed cattle prices have on feeder cattle 
prices, including that feeder cattle price and demand is derivative of fed cattle price and 

demand.  That is, changes in the price of fed cattle cause changes in the price of feeder 
cattle.”  (Id. ¶ 236 (emphasis omitted).)  In addition, Plaintiffs newly allege that feeder 
cattle prices “move in unison with the prices feedlots and other entities are receiving for 

their fed cattle,” and that “[i]ndustry professionals and feedlots, with whom Defendants 
do business, speak with one voice as to the relationship between feeder cattle and fed 
cattle pricing.”  (Id. ¶¶ 237–38.)  Furthermore, Plaintiffs add supplemental statements 
from industry experts regarding the relationship between the prices of fed cattle and 

feeder cattle to explain that “the demand and price of feeder cattle is primarily driven by 
the current price and future price of fed cattle.”  (Id. ¶ 249.)  Finally, Plaintiffs provide 
analyses  of  USDA  data  from  five  USDA  livestock  mandatory  reporting  regions  to 
supplement  allegations  that  the  price  of  feeder  cattle  and  price  of  fed  cattle  are 

inextricably linked.  (Id. ¶ 255, Figure 24.)                             
    Taken together, the proposed amendments link the price of feeder cattle and the 
price of fed cattle to support a reasonable inference that Plaintiffs’ alleged injury is 
“inextricably linked” with Defendants’ conduct, at least at the pleading stage.  See In re 
TFT-LCD (Flat Panel) Antitrust Litig., 
586 F. Supp. 2d 1109, 1123
 (N.D. Cal. 2008) (finding 

that markets for products and sub-products contained in the product were “inextricably 
linked”).  Because Plaintiffs are now only one step removed from Defendants, their 
alleged injury is not too remote.  Defendants’ argument that feeder cattle and fed cattle 
prices diverge at points does not mean those prices are implausibly interlinked.  Thus, the 

Court finds that the injury factor now weighs in favor of standing.       
         4.   Directness                                                 
    The fourth factor concerns the directness between the injury and the market 
restraint, which requires consideration of the “chain of causation.”  McDonald, 
722 F.2d at 1374
; AGC, 
459 U.S. at 540
.  See also Yellow Pages Cost Consultants, Inc. v. GTE 
Directories Corp., 
951 F.2d 1158, 1162
 (9th Cir. 1991) (“[D]irectness in the antitrust context 
means close in the chain of causation.”).  Plaintiffs must establish directness that is not 

“too remote.”  In re Dynamic Random Access Memory Antitrust Litig., 
516 F. Supp. 2d 1072, 1092
 (N.D. Cal. 2007).  The Court previously determined this factor weighed against 
standing because there were too many links in the chain between Defendants’ alleged 
conduct and Plaintiffs’ alleged harm.  In re Cattle and Beef Antitrust Litig., 
2024 WL 2728280
, at *5–6.                                                         
    Because Plaintiffs are now only one step removed from Defendants in the beef 
supply chain, they demonstrate a plausible traceability between their alleged harm and 
Defendants’ conduct.  See In re Broiler Chicken Antitrust Litig., 
290 F. Supp. 3d 772
, 813–
14 (N.D. Ill. 2017).  The amendment establishes a plausible connection between feeder 
cattle prices and fed cattle prices to support a reasonable inference that Plaintiffs are 

inextricably intertwined with Defendants’ alleged conspiracy, similar to the Producer 
Plaintiffs.  See In re Cattle Antitrust Litig., 
2021 WL 7757881
, at *8; see also In re Copper 
Antitrust Litig., 
98 F. Supp. 2d 1039, 1051
 (W.D. Wisc. 2000) (finding sufficient directness 
where indirect purchasers were harmed due to defendants’ power over the relevant 

market).  However, Plaintiffs allege a connection to Defendants through the manipulation 
of fed cattle prices, not explicitly feeder cattle prices.  (2nd Am. Compl. ¶ 1.)  Although this 
may suggest that Plaintiffs were tangentially harmed by Defendants’ alleged conduct and 

not specifically targeted, Plaintiffs allege that “[b]ecause anticompetitive conduct that 
suppresses fed cattle prices necessarily reduces feeder cattle prices, a necessary target of 
Defendants’ price-fixing conspiracy was the suppression of feeder cattle prices.”  (Id. ¶ 
252.)  Directness may be shown where the plaintiff’s harm “was a necessary step in 

effecting the ends of the alleged illegal conspiracy.”  McCready, 
457 U.S. at 479
.  On 
balance, therefore, the Court finds the directness factor is neutral, weighing neither for 
nor against antitrust standing.                                           
         5.   Speculative Nature of Damages                              

    The Court must next consider the speculative nature of the damages.  McDonald, 
722 F.2d at 1374
.  The Court previously found this factor neutral.  Even though other 
factors may affect cow-calf prices, similar meat packing antitrust cases have considered 
the speculative nature of damages and determined there are means and methods for 
economic analysts to pinpoint prices that would have been paid but for the conspiracy.  
In re Cattle and Beef Antitrust Litig., 
2024 WL 2728280
, at *6.           

    Defendants argue that the Second Amended Complaint improperly contradicts the 
original complaint, which alleged that the beef supply chain contains two sectors—
backgrounding operations and stocker operations—between the cow-calf producers and 
the feedlots, not the single feeder cattle sector that Plaintiffs now narrow in on.  (Compl. 

¶ 68); ecoNugenics, Inc., 
355 F. Supp. 3d at 794
; Peirce, 
2023 WL 2898595
, at *4.  But 
Plaintiffs’ narrowing to cattle producers who sold feeder cattle of a certain weight and 
frame type to feedlots does not equate to an allegation that backgrounding operations 

and stocker operations no longer co-exist in the beef supply chain.  Plaintiffs’ previous 
complaints  allege  that  both  backgrounders  and  stockers  may  sell  cattle  directly  to 
feedlots.  (See Compl. ¶¶ 5, 63, 68; Am. Compl. ¶¶ 7, 63.)  Thus, Plaintiffs’ amendment 
does not impermissibly contradict the allegations in the previous complaints. 

    The Second Amended Complaint’s narrowing of the class and claims ultimately 
simplifies the analyses for economic analysts to determine the prices that would have 
been paid but for the conspiracy.  However, multiple other factors still may have affected 
the prices of the feeder cattle in addition to Defendants’ conduct.  Thus, this factor 

continues to be neutral, weighing neither for nor against antitrust standing. 
         6.   Risk of Duplicative Recovery                               
    The  final  factor  is  the  “risk  of  duplicative  recoveries  or  complex  damage 
apportionment.”  McDonald, 
722 F.2d at 1343
.  The Court previously found this factor 
weighed in favor of antitrust standing because of the potential to conduct economic 
analyses to ascertain an appropriate damages amount.  In re Cattle and Beef Antitrust 

Litig., 
2024 WL 2728280
, at *6.  Because nothing in Plaintiffs’ proposed amendment 
would change this conclusion—which the parties do not challenge—the Court again finds 
that the duplicative recovery factor weighs in favor of standing.         
                          *    *    *                                    

    Weighing the six AGC factors under Plaintiffs’ proposed amendment, three of the 
factors are neutral and the other three factors weigh in favor of standing.  On balance, 
the Court  is satisfied  that  Plaintiffs  have  plausibly alleged  antitrust  standing at  the 

pleading stage, such that their amendment would not be clearly frivolous. 
                          CONCLUSION                                     
    Because Plaintiffs have been sufficiently diligent in trying to meet the Court’s 
scheduling order deadline, the Court finds good cause exists to permit them to amend 

their  First  Amended  Complaint.    Because  any  prejudice  to  Defendants  would  be 
outweighed by the hardship to Plaintiffs in being denied the opportunity to try the merits 
of their claims in this multidistrict litigation, Defendants would not be unduly prejudiced 
and the Court can think of no other possible prejudice Defendants would suffer.  And 

finally,  the  Court  is  satisfied  that  Plaintiffs’  proposed  amendment  would  cure  the 
identified  deficiencies regarding antitrust  standing  at  the  pleading stage.   Plaintiffs’ 
amendment to narrow the putative class to producers of feeder cattle who are only one 
step removed from Defendants supports the reasonable inference that Plaintiffs’ harm is 
not  too  attenuated  from  Defendants’  alleged  conspiratorial  conduct;  and  Plaintiffs’ 
bolstered allegations support the reasonable inference that the price of fed cattle and the 
price  of feeder  cattle  are  sufficiently  linked  at  the  pleading  stage.   As  a  result,  the 
amendment would  not  be  futile.  Accordingly,  the  Court will  grant  Plaintiffs  leave  to 
amend their First Amended Complaint. 

ORDER

     Based on the foregoing, and  all the files,  records, and  proceedings herein,  IT IS 
HEREBY ORDERED that Plaintiffs’ Motion for Leave to Amend First Amended Complaint 
[Docket No. 717] is GRANTED. 

DATED:  September 30, 2024                        date M. (saan 
at Minneapolis, Minnesota.                         JOHN R. TUNHEIM 
                                            United States District Judge 

                                    -24- 

Trial Court Opinion

                   UNITED STATES DISTRICT COURT                          
                      DISTRICT OF MINNESOTA                              
IN RE CATTLE AND BEEF ANTITRUST                                          
LITIGATION                                                               
                                     MDL No. 22-3031 (JRT/JFD)           




This Document Relates To:                                                
                                 MEMORANDUM OPINION AND ORDER            

                                   GRANTING PLAINTIFFS LEAVE TO          
THE INDIRECT SELLER ACTION,                                              
                                 AMEND FIRST AMENDED COMPLAINT           
Civil No. 22-2903                                                        



    Richard M. Paul III, PAUL LLP, 601 Walnut Street, Suite 300, Kansas City, MO 
    64106; Michael Montaño, GUERRA LLP, 875 East Ashby Place, Suite 1200, 
    San Antonio, TX 78212, for Plaintiffs.                               

    Michelle K. Fischer, JONES DAY, 901 Lakeside Avenue, Cleveland, OH 44114; 
    Benjamin  L.  Ellison,  JONES  DAY,  90  South  Seventh  Street,  Suite  4950, 
    Minneapolis, MN 55402, for Defendant National Beef Packing Company,  
    LLC.                                                                 

    Jon B. Jacobs, PERKINS COIE LLP, 700 Thirteenth Street, Northwest, Suite 
    800, Washington, DC 20005, for Defendants Tyson Foods, Inc. and Tyson 
    Fresh Meats, Inc.                                                    

    Sami H. Rashid and Jessica J. Nelson, SPENCER FANE LLP, 100 South Fifth 
    Street, Suite 2500, Minneapolis, MN 55402, for Defendants JBS USA Food 
    Company, JBS Packerland, Inc., Swift Beef Company, and JBS S.A.      

    Holley C. M. Horrell, GREENE ESPEL PLLP, 222 South Ninth Street, Suite 
    2200, Minneapolis, MN 55402, for Defendants Cargill, Inc. and Cargill Meat 
    Solutions Corporation.                                               


    The putative Indirect Seller Class (“Plaintiffs”) seek leave to amend their First 
Amended Complaint on behalf of producers of feeder cattle who indirectly sold cattle to 
one or more Defendants in this multidistrict litigation alleging price-fixing in the beef 
packing  industry.    Defendants  Cargill,  Inc.;  Cargill  Meat  Solutions  Corporation;  JBS 

Packerland, Inc.; JBS S.A.; JBS USA Food Company; National Beef Packing Company, LLC; 
Swift Beef Company; Tyson Foods, Inc.; and Tyson Fresh Meats, Inc. oppose Plaintiffs’ 
motion.  Because the proposed Second Amended Complaint narrows the classes and 
claims to those on behalf of producers of feeder cattle and provides bolstered allegations 

that support antitrust standing, the Court is satisfied that the proposed amendment 
would cure the deficiencies previously identified by the Court at the pleading stage.  
Accordingly, because good cause exists, Defendants would not be unduly prejudiced, and 

the proposed amendment would not be futile, the Court will grant Plaintiffs leave to 
amend their First Amended Complaint.                                      
                          BACKGROUND                                     
    The Court has comprehensively addressed the background of the Indirect Seller 

Action in prior orders, see, e.g., In re Cattle and Beef Antitrust Litig., 
687 F. Supp. 3d 828
, 
834–36 (D. Minn. 2023), and Plaintiffs’ allegations largely mirror those of the other Class 
Plaintiffs in this multidistrict litigation, see In re Cattle Antitrust Litig., No. 19-1222, 
2021 WL 7757881
, at *1–2 (D. Minn. Sept. 14, 2021).  As such, the Court will only include the 

factual and procedural history necessary for the current motion.          
    The Second Amended Complaint narrows the putative class of plaintiffs.  In the 
original complaint, the Court construed the putative class to consist of cow-calf ranchers, 
who are the first step in the beef supply chain.  In re Cattle and Beef Antitrust Litig., 687 
F. Supp. 3d at 835 n.2.  Then, in the First Amended Complaint, Plaintiffs redefined 
themselves as producers of feeder cattle, including all indirect sellers, such as cow-calf 

ranchers, stockers, and backgrounders.  In re Cattle and Beef Antitrust Litig., No. 22-3031, 
2024 WL 2728280
, at *1 (D. Minn. May 28, 2024).  Now, the Second Amended Complaint 
narrows the putative class to indirect sellers who sold feeder cattle directly to a feedlot 
or finishing operation that in turn sold fed cattle to one or more Defendants.  (Aff. Richard 

M. Paul III ¶ 3, Ex. 1 (“2nd Am. Compl.”) ¶¶ 1 & n.1, 316–18, July 3, 2024, Docket No. 720.)1  
Plaintiffs re-define “feeder cattle” in the Second Amended Complaint as:  
         large or medium #1 or #2 steers or heifers sold directly to     
         feedlots or finishing operations at a weight between 700 and    
         899  pounds  via  face-to-face  sales,  video  auction  sales,  
         internet auction sales, and live auction sales, as understood   
         by the industry at large, which are fed to slaughter weight and 
         sold  to  packers  for  beef  production.  .  .  .  A  “feedlot”  or 
         “finishing operation” is a plot of land on which cattle are fed 
         intensively to reach slaughter weight.                          

(Id. ¶ 1 n.1.)                                                            
    The Second Amended Complaint also alleges several new facts about both the 
Plaintiffs and the Defendants.  As to Plaintiffs, the Second Amended Complaint includes 
new allegations to establish that Plaintiffs are producers of feeder cattle.  In particular, 
the allegations detail the named Plaintiffs’ sales of feeder cattle, including the number, 
weight, and frame of the cattle sold and how they were sold.  The named Plaintiffs now 


    1 Unless otherwise noted, all record citations are to ECF No. 22-3031. 
include David Hyatt, who was included in the First Amended Complaint, as well as Expense 
Reduction Services, Inc. (“ERS”) and Terry Faul.  (Id. ¶¶ 26–28; see also Am Compl. ¶ 27, 

Oct. 18, 2023, Docket No. 371.)  David Hyatt, a cattle rancher, alleges that he “raised and 
sold approximately 100 medium and/or large frame #1 or #2 feeder cattle in the 700 to 
899-pound range every year during the Class Period” to feedlots.  (2nd Am. Compl. ¶ 26.)  
ERS, which owns and operates a cattle ranch in Texas, and Terry Faul, another cattle 

rancher, similarly allege sales of 120 to 200 head of medium and/or large frame #1 or #2 
feeder cattle to feedlots when they were between 700 and 899 pounds to feedlots since 
2015.  (Id. ¶¶ 27–28.)  All three named Plaintiffs allege that, on information and belief, 

their  feeder  cattle  were  fed  to  slaughter  weight  and  sold  directly  to  one  or  more 
Defendants for the production of beef.  (Id. ¶¶ 26–28.)                   
    As  to  Defendants,  the  factual  allegations  in  the  proposed  Second  Amended 
Complaint remain largely the same as those outlined in the Court’s prior orders.  See In re 

Cattle and Beef Antitrust Litig., 687 F. Supp. 3d at 834–35; In re Cattle and Beef Antitrust 
Litig., 
2024 WL 2728280
, at *1–2.  As before, Plaintiffs allege that Defendants conspired 
to suppress the price of fed cattle they bought in the United States beginning no later 
than January 2015, and that Defendants’ coordinated conduct caused a collapse in fed 

cattle prices and a consequent collapse in feeder cattle prices, which harmed Plaintiffs.  
(2nd Am. Compl. ¶¶ 1, 4.)                                                 
     However, the Second Amendment Complaint also provides bolstered allegations 
and documents to support the alleged relationship between feeder cattle prices and fed 
cattle prices.  (See 
id.
  741 235-38, 240-42, 246-49.)  As demonstrated by the following 
figure, Plaintiffs allege a causal relationship between feeder cattle futures prices, which 
correspond to the prices paid for feeder cattle, and fed cattle futures prices during the 
alleged conspiracy period.  (/d. 14] 237, 239.) 
Actual and forecast annual cattle prices indexed to 2000 
 Index 2000=100 
 275 
 a     =——Fed Steer  -teFeederSteer  —tl-Cull cow 
 225                                          / ~\
 200                                         /                       Kh 
 175                                   b=         — 
 150                                fv 
 125               ———     a  a    Fe 
 100 
  75 
     PS  HG     HP  HP  Sh  PP  WO  Nd  Ah  KP  nh  0  WO  Xt  WO  0  PP  gs  Gh  of  □□ 
   FEELS         SSS  SSS   SSS  SSS   KH   SKS 
 Source: USDA, ERS calculations using data from USDA, Agricultural Marketing Service (AMS). 

(id.  4  237,  Figure 22.)  Plaintiffs allege that “the demand  and  price of feeder cattle is 
primarily driven  by the current price and future price of fed cattle.”  (/d.  4 249.)  Plus, 
instead of relying on  publicly available articles and journals from  industry experts, the 
Second Amended Complaint features documents from  Defendants’ own  production to 
support  a  causal  relationship,  including  a  letter  from  a  feedlot  (that  at  least  some 

                                    -5- 

Defendants allegedly do business with) explaining how fed cattle prices impact the price 
of feeder cattle.  (Id. ¶ 238.)                                           

    Plaintiffs also newly allege that Defendants tracked the price of feeder cattle and 
that at least some Defendants purchased and hedged feeder cattle futures to manage 
their financial risk during the relevant period.  (See 
id.
 ¶¶ 250–52.)  Additionally, the 
Second Amended Complaint provides analyses of USDA data to supplement Plaintiffs’ 

allegations that the prices of feeder cattle and the prices of fed cattle are inextricably 
linked.  Specifically, Plaintiffs provide analyses of the relationship between daily feeder 
cattle  and  fed  cattle  prices  during  the  relevant  period  across  five  USDA  Livestock 

Mandatory Reporting Regions: (1) Colorado, (2) Iowa and Minnesota, (3) Kansas, (4) 
Nebraska, and (5) Texas, New Mexico, and Oklahoma.  (See id. ¶ 255, Figure 24.) 
    The parties have continued with discovery since the Court’s Order dismissing the 
First Amended Complaint without prejudice.  (Stip. Concerning Specht Pls.’ Mot. for Leave 

to Amend at 2, June 14, 2024, Docket No. 708.)  With the Court’s permission, Plaintiffs 
moved to file their proposed Second Amended Complaint on July 3, 2024.  (Order on Stip. 
Concerning Specht Pls.’ Mot. for Leave to Amend at 1, June 17, 2024, Docket No. 711; Pls.’ 
Mot. to Alter/Amend/Suppl. Pleadings, July 3, 2024, Docket No. 717.)  Defendants oppose 

the motion.  (Defs.’ Mem. Opp’n, July 24, 2024, Docket No. 746.)  The Court’s pretrial 
scheduling order required motions to amend pleadings without leave of the Court to be 
filed by October 3, 2023.  (Order at 4, Jan. 24, 2023, Docket No. 129.)  Fact discovery is 
set to close on January 7, 2025.  (2nd Order Amending Case Schedule at 4, Mar. 5, 2024, 
Docket No. 575.)                                                          

                           DISCUSSION                                    
I.   STANDARD OF REVIEW                                                   
    Plaintiffs’ motion for leave to amend implicates standards of review from two 
federal rules of civil procedure.  Sherman v. Winco Fireworks, Inc., 
532 F.3d 709
, 714–15 
(8th Cir. 2008).  First, after an answer has been filed in response to a complaint, a party 

may amend its pleading with leave from the Court, which should be “freely give[n] . . . 
when justice so requires.”  Fed. R. Civ. P. 15(a)(2).  In determining whether leave to amend 
should be given, courts consider whether “there are compelling reasons such as undue 

delay, bad faith, or dilatory motive, repeated failure to cure deficiencies by amendments 
previously  allowed,  undue  prejudice  to  the  non-moving  party,  or  futility  of  the 
amendment.”  Moses.com Secs., Inc. v. Comprehensive Software Sys., Inc., 
406 F.3d 1052, 1065
 (8th Cir. 2005) (quoting Hammer v. City of Osage Beach, 
318 F.3d 832, 844
 (8th Cir. 

2003)).  “[T]he grant or denial of an opportunity to amend is within the discretion of the 
District Court.”  Foman v. Davis, 
371 U.S. 178, 182
 (1962).               
    Additionally, a pretrial scheduling order can be modified “only for good cause and 
with the judge’s consent.”  Fed. R. Civ. P. 16(b)(4); see also Freeman v. Busch, 
349 F.3d 582, 589
 (8th Cir. 2003) (“When the district court has filed a Rule 16 pretrial scheduling 
order, it may properly require that good cause be shown for leave to file an amended 
pleading that is substantially out of time under that order.”).  The movant bears the 
burden of showing good cause exists, and “[e]ven then the district court retains discretion 
as to whether to grant the motion.”  Bradford v. DANA Corp., 
249 F.3d 807, 809
 (8th Cir. 

2001).  “The primary measure of good cause is the movant’s diligence in attempting to 
meet the order’s requirements.”  Sherman, 
532 F.3d at 716
 (citation omitted).  
II.  PLAINTIFFS’ MOTION FOR LEAVE TO AMEND                                
    The parties’ dispute largely centers around three issues: (1) whether good cause 

exists for granting Plaintiffs leave to amend; (2) if good cause exists, whether granting 
leave to amend at this stage of the multidistrict litigation would prejudice Defendants; 
and (3) whether Plaintiffs’ proposed amendment would be futile given the heightened 
antitrust standing requirements.  The Court will analyze each issue in turn. 

    A.   Good Cause                                                      
    Plaintiffs bear the burden of establishing that good cause exists to grant them leave 
to amend their complaint a second time, which would effectively modify the pretrial 
scheduling order’s deadline for motions to amend pleadings.
2 Bradford, 249
 F.3d at 809.  

Good cause exists if the movant was diligent in trying to meet the scheduling order’s 


    2 The parties dispute whether Federal Rule of Civil Procedure 16, which governs pretrial 
scheduling orders and management, is implicated.   Because this case’s pretrial scheduling order 
was silent as to the deadline for filing motions to amend pleadings with leave of the Court, 
Plaintiffs  contend  their  motion  does  not  violate  any  pretrial  scheduling  order  deadlines.  
However, the Court finds that Rule 16 is implicated even though the scheduling order did not 
specify a deadline for motions to amend with leave.  See In re Milk Prod. Antitrust Litig., 
195 F.3d 430
, 437–38 (8th Cir. 1999) (“If we considered only Rule 15(a) without regard to Rule 16(b), we 
would render scheduling orders meaningless and effectively would read Rule 16(b) and its good 
cause requirement out of the Federal Rules of Civil Procedure.”).         
deadlines.  Sherman, 
532 F.3d at 716
.  Still, while diligence is the primary factor for 
assessing good cause, nothing limits the Court’s “broad discretion in establishing and 

enforcing the deadlines” in the scheduling order.  See Marmo v. Tyson Fresh Meats, Inc., 
457 F.3d 748, 759
 (8th Cir. 2006).                                        
    Plaintiffs have met their burden of demonstrating diligence in trying to meet the 
Court’s scheduling order deadline.  Plaintiffs filed their original complaint well before the 

close  of  fact  discovery.    And  they  have  promptly  tried  to  rectify  their  complaints’ 
deficiencies after each round of motions to dismiss.  Cf. Pliam v. Cendant Mortg. Corp., 
No. 11-3720, 
2012 WL 1439035
, at *4 (D. Minn. Apr. 26, 2012).  Plaintiffs’ motion to 

amend came approximately nine months after the pretrial scheduling order’s deadline for 
motions to amend pleadings without leave of the Court, but because the scheduling order 
did not set a specific deadline for the filing of motions to amend pleadings with leave of 
the Court, it is unclear exactly how late Plaintiffs filed their motion.  At any rate, Plaintiffs’ 

motion to amend comes six months before the fact discovery deadline and before 
summary judgment deadlines or a trial date have been set.  Overall, these circumstances 
do  not  suggest  that  Plaintiffs  have  lacked  diligence  in  trying  to  meet  the  Court’s 
scheduling  order  deadline.    In  this  complex  antitrust  multidistrict  litigation,  where 

Plaintiffs seek to represent indirect sellers, the Court rejects the notion that Plaintiffs’ 
delay was unwarranted.  Cf. Sherman, 
532 F.3d at 717
.  Because Plaintiffs have been 
sufficiently diligent in trying to meet the Court’s scheduling order’s deadline, the Court 
finds good cause exists to permit them to amend their First Amended Complaint. 

    B.   Prejudice to Defendants                                         
    Because the Court finds that good cause exists, it will now consider whether 
granting Plaintiffs leave to amend would unduly prejudice Defendants.  
Id.
  Delay alone is 
insufficient to justify denial of leave to amend.  Moses.com Secs., Inc., 
406 F.3d at 1065
.  

In addition, there must be prejudice to the nonmovant, which Defendants bear the 
burden of showing.  Id.; Sanders v. Clemco Indus., 
823 F.2d 214, 217
 (8th Cir. 1987).  The 
prejudice to the nonmovant “must be balanced against the hardship to the moving party 
if it is denied” leave to amend.  Buder v. Merrill Lynch, Pierce, Fenner & Smith, Inc., 
644 F.2d 690, 694
 (8th Cir. 1981).                                            
    Defendants argue that granting Plaintiffs leave to amend their complaint a second 
time would prejudice them because Plaintiffs’ case has significantly transformed since 

their first complaint.  Plaintiffs seek to narrow their class and claims to a subset of direct-
to-feedlot sellers of beef, effectively excluding upstream cow-calf ranchers who were 
named in the previous complaints.  However, Defendants have been on notice at least 
since October 2023, when Plaintiffs filed their First Amended Complaint, that Plaintiffs 

were intending to represent sellers of feeder cattle, some of whom made direct-to-
feedlot sales.  Indeed, Plaintiff David Hyatt was named in the First Amended Complaint.  
Moreover, Plaintiffs’ claims are substantially the same as before, merely narrowed.  See 
Buder, 
644 F.2d at 694
 (finding no undue prejudice where the amended claims were 
substantially similar to those asserted in the original complaint).       

    Defendants also claim that allowing Plaintiffs to amend would disrupt the existing 
case schedule and thereby burden the Court and prejudice Defendants by “subjecting 
them to the inefficiencies and challenges of having to deal with yet another workstream” 
in this “already sprawling MDL.”  (Defs.’ Mem. Opp’n at 12.)  However, Plaintiffs have 

represented that they seek to proceed on the same schedule that governs all the other 
parties in the multidistrict litigation.  And the parties have continued with discovery since 
the Court’s Order dismissing the First Amended Complaint.  Thus, Defendants’ concerns 

of prejudice from a separate scheduling track are premature.              
    On balance, the Court finds that any prejudice to Defendants would be outweighed 
by the hardship to Plaintiffs in being denied the opportunity to try the merits of their 
claims in this large price-fixing multidistrict litigation.  Foman, 
371 U.S. at 182
.  As such, 

Defendants will not be unduly prejudiced by Plaintiffs’ amendment.        
    C.   Futility                                                        
    Finally, the Court will consider whether Plaintiffs’ proposed amendment would be 
futile.  Moses.com Secs., Inc., 
406 F.3d at 1065
.  “Denial of a motion for leave to amend 

on the basis of futility ‘means the district court has reached the legal conclusion that the 
amended complaint could not withstand a motion to dismiss under Rule 12(b)(6) of the 
Federal Rules of Civil Procedure.’”  Zutz v. Nelson, 
601 F.3d 842, 850
 (8th Cir. 2010) 
(quoting Cornelia I. Crowell GST Tr. v. Possis Med., Inc., 
519 F.3d 778, 782
 (8th Cir. 2008)).  
“[A] motion to amend should be denied on the merits only if it asserts clearly frivolous 
claims or defenses.”  Becker v. Univ. of Nebraska, 
191 F.3d 904, 908
 (8th Cir. 1999) (citation 

and internal quotations omitted).                                         
    In reviewing a motion to dismiss under Federal Rule of Civil Procedure 12(b)(6), the 
Court considers all facts alleged in the complaint as true to determine if the complaint 
states a “claim to relief that is plausible on its face.”  Braden v. Wal-Mart Stores, Inc., 
588 F.3d 585, 594
 (8th Cir. 2009) (quoting Ashcroft v. Iqbal, 
556 U.S. 662, 678
 (2009)).  “A claim 
has facial plausibility when the plaintiff pleads factual content that allows the court to 
draw the reasonable inference that the defendant is liable for the misconduct alleged.”  

Iqbal, 
556 U.S. at 678
.  The Court construes the complaint in the light most favorable to 
the plaintiff, drawing all inferences in the plaintiff’s favor.  Ashley Cnty. v. Pfizer, Inc., 
552 F.3d 659, 665
 (8th Cir. 2009).  Still, although the Court accepts the complaint’s factual 
allegations as true and construes the complaint in a light most favorable to the plaintiff, 

it is “not bound to accept as true a legal conclusion couched as a factual allegation.”  
Papasan v. Allain, 
478 U.S. 265, 286
, (1986).  In other words, a complaint “does not need 
detailed factual allegations” but must include more “than labels and conclusions, and a 
formulaic recitation of the elements” to meet the plausibility standard.  Bell Atl. Corp. v. 

Twombly, 
550 U.S. 544, 555
 (2007).  At the motion to dismiss stage, the Court may 
consider the allegations in the complaint as well as “those materials that are necessarily 
embraced by the pleadings.”  Schriener v. Quicken Loans, Inc., 
774 F.3d 442, 444
 (8th Cir. 
2014).                                                                    

    The primary issue is whether Plaintiffs satisfy antitrust standing requirements with 
their amendment.  In evaluating antitrust standing, the Court considers the six factors 
from Associated General Contractors of California, Inc. v. California State Council of 
Carpenters, 
459 U.S. 519
 (1983) (“AGC”):                                  

         (1)  The  causal  connection  between  the  alleged  antitrust  
         violation and the harm to the plaintiff; (2) Improper motive;   
         (3) Whether the injury was of a type that Congress sought to    
         redress with the antitrust laws; (4) The directness between     
         the injury and the market restraint; (5) The speculative nature 
         of  the  damages;  (6)  The  risk  of  duplicate  recoveries  or 
         complex damage apportionment.                                   

Midwest Commc’ns v. Minn. Twins, Inc., 
779 F.2d 444
, 450 n.6 (8th Cir. 1985).3  The 
appropriate inquiry is whether “the plaintiff [is] the target of the anticompetitive activity, 
not one who has merely suffered indirect, secondary, or remote injury.”  
Id. at 451
 
(citation and internal quotations omitted).  The Court will analyze each antitrust standing 
factor in light of Plaintiffs’ proposed amendment in turn.                


    3 The Supreme Court has also held that indirect purchasers do not have standing to seek 
damages under federal antitrust law.  Illinois Brick Co. v. Illinois, 
431 U.S. 720
 (1977).  Though it 
is so far unclear whether that restriction also applies to indirect sellers, Plaintiffs nevertheless 
bring claims for injunctive relief under federal law and claims for damages under state law, both 
of which are exceptions to the Illinois Brick ruling.  In re Pre-Filled Propane Tank Antitrust Litig., 
893 F.3d 1047, 1058
 (8th Cir. 2018); California v. ARC Am. Corp., 
490 U.S. 93
, 101 (1989). 
         1.   Causal Connection                                          
    First,  the  Court  must  consider  the  “causal  connection  between  the  alleged 

antitrust violation and the harm to the plaintiff.”  McDonald v. Johnson & Johnson, 
722 F.2d 1370, 1374
 (8th Cir. 1983).  The Court previously found this factor weighed against 
antitrust standing because the causal connection between Defendants’ alleged conduct 
and Plaintiffs’ harm was too attenuated.  In re Cattle and Beef Antitrust Litig., 
2024 WL 2728280
, at *3–4.  Additionally, Plaintiffs’ allegations were insufficient to demonstrate 
that Plaintiffs were targeted by the alleged conspiracy.  
Id.
             
    Plaintiffs re-allege that Defendants conspired to suppress the price of fed cattle, 
which caused a corresponding suppression of the price of feeder cattle.  Plaintiffs newly 

allege they are producers of feeder cattle as that term appears to be defined by the 
industry and Chicago Mercantile Exchange (“CME”).  Compare 2nd Am. Compl. ¶ 1 n.1 
(redefining “feeder cattle”), with In re Cattle and Beef Antitrust Litig., 
2024 WL 2728280
, 

at *4 (noting CME’s definition of feeder cattle as “medium and large frame cattle being 
placed on feed at the feedlot that are between 700 to 899 pounds”).  This amendment 
cures  the  disparity  between  the  allegations  and  data  related  to  feeder  cattle  and 
Plaintiffs’ cattle operations, supporting a causal connection between Plaintiffs’ harm and 

Defendants’ alleged conduct.  Defendants’ attacks regarding the difference between 
feeder cattle futures versus live cattle futures and between causation versus correlation 
do not defeat Plaintiffs’ claims at the pleading stage.  See Sanner v. Bd. of Trade of City of 
Chicago, 
62 F.3d 918, 929
 (7th Cir. 1995) (“The fact that cash and futures markets may be 
distinguished certainly does not show that they are unrelated for the purposes of antitrust 
standing analysis.”); see also Utesch v. Dittmer, 
947 F.2d 321
, 323–24 (8th Cir. 1991) 

(discussing the cattle cash and future markets).  The factual allegations must allow the 
Court to draw the reasonable inference that the relationship is causal.  Iqbal, 
556 U.S. at 678
.  Plaintiffs allege that feeder cattle prices and fed cattle prices are connected through 
the futures data.  This is sufficient to connect Plaintiffs to Defendants’ alleged price-fixing 

at the pleading stage.                                                    
    Defendants argue that Plaintiffs’ amendment impermissibly contradicts the First 
Amended Complaint such that Plaintiffs have not established that they are producers of 

feeder cattle.  See ecoNugenics, Inc. v. Bioenergy Life Sci., 
355 F. Supp. 3d 785, 794
 (D. 
Minn. 2019); Peirce v. Aswegan, No. 22-2664, 
2023 WL 2898595
, at *4 (D. Minn. Apr. 11, 
2023).  Specifically, Defendants contend that in the First Amended Complaint, named 
Plaintiff David Hyatt alleged that he sold “one to two loads of feeder cattle to a feedlot” 

for the past two years, but now in the Second Amended Complaint alleges that he sold 
feeder cattle to feedlots every year during the class period.  (Am. Compl. ¶ 27; 2nd Am. 
Compl. ¶ 26.)  However, both allegations can be true under Plaintiffs’ new definition of 
feeder cattle: Hyatt could have sold feeder cattle under Plaintiffs’ new definition to 

feedlots through video auctions every year of the class period and could have sold feeder 
cattle under the old definition to feedlots through  sale barns for two years.   Such 
allegations  do  not  necessarily  contradict  in  the  sense  that  courts  have  found 
impermissible.  See ecoNugenics, Inc., 
355 F. Supp. 3d at 794
 (finding previous allegation 
that defendant did not administer drug improperly contradicted with new allegation that 

defendant administered drug).                                             
    Defendants also argue that Plaintiffs should not be allowed to benefit from cases 
like Plubell v. Merck & Co., Inc., 
434 F.3d 1070
, 1071–72 (8th Cir. 2006) in “switching” to a 
different part of the beef supply chain on behalf of a different roster of named plaintiffs.  

However, Federal Rule of Civil Procedure 15(c) permits an amendment if it relates back 
to the original complaint.  “[A]n amendment relates back if the defendant knew or should 
have known that it would be called on to defend against claims asserted by the newly-

added plaintiff, unless the defendant would be unfairly prejudiced in maintaining a 
defense against the newly-added plaintiff.”  Plubell, 
434 F.3d at 1072
 (citation and internal 
quotations omitted).  Plaintiffs’ narrowed class and claims relate back to their original 
complaint.  The claims remain substantially the same, and Defendants have been on 

notice since Plaintiffs’ opposition to their first motion to dismiss that Plaintiffs were 
intending to represent more than just cow-calf ranchers.  See In re Cattle and Beef 
Antitrust Litig., 687 F. Supp. 3d at 834 n.2.                             
    Whether Plaintiffs have plausibly alleged that they were the target of the alleged 

conspiracy is another matter.  Minn. Twins, 
779 F.2d at 451
.  It is insufficient for Plaintiffs 
to have “merely suffered indirect, secondary, or remote injury.”  
Id.
 (quotation omitted).  
On the one hand, Plaintiffs allege that the purpose of the alleged conspiracy was “to 
suppress the price of fed cattle in the United States, causing a corresponding suppression 
of the price of feeder cattle.”  (2nd Am. Compl. ¶ 1.)  This allegation weighs against 

antitrust  standing  because  it  suggests  that  Plaintiffs  were  tangentially  harmed  by 
Defendants’ alleged conduct, not specifically targeted.  However, new allegations support 
the plausibility of Defendants targeting Plaintiffs.  For example, Plaintiffs newly allege that 
Defendants  tracked  the  price  of  feeder  cattle  and  that  at  least  some  Defendants 

purchased and hedged feeder cattle futures during the relevant period.  (See 
id.
 ¶¶ 250–
52.)  Allegations that Defendants were tracking the prices of feeder cattle support a 
reasonable inference that Defendants were targeting the prices of feeder cattle as well 

as the prices of fed cattle.  Because Plaintiffs’ allegations regarding Defendants’ targeting 
weigh for and against standing, the Court finds that the causal connection factor is now 
neutral, weighing neither for nor against antitrust standing.             
         2.   Improper Motive                                            

    The next factor is whether there was any improper motive on the part of the 
Defendants.  McDonald, 
722 F.2d at 1374
.  The Court has twice held that while motivation 
to increase profits is not inherently improper, this factor weighs in favor of antitrust 
standing given the broader context of Plaintiffs’ price-fixing allegations.  In re Cattle and 

Beef Antitrust Litig., 
2024 WL 2728280
, at *5.  Because nothing in Plaintiffs’ proposed 
amendment would change this conclusion—which the parties do not challenge—the 
Court concludes that the improper motive factor still weighs in favor of standing. 
         3.   Type of Injury                                             
    The Court must next consider whether “the injury was of a type that Congress 

sought to redress with antitrust laws.”  McDonald, 
722 F.2d at 1374
.  A party can show 
that they have suffered the type of injury that Congress sought to protect if their injury is 
“inextricably intertwined with the injury the conspiracies sought to inflict on . . . the 
[relevant] market.”  Blue Shield of Virginia v. McCready, 
457 U.S. 465, 484
 (1982) (finding 

that a subscriber had standing to sue a health plan for conspiring with psychiatrists to 
deny reimbursement for care provided by psychologists because the subscriber’s injury 
was  “inextricably  intertwined  with  the  injury  the  conspirators  sought  to  inflict  on 
psychologist in the psychotherapy market”); see also Henke Enterprises, Inc. v. Hy-Vee 

Food Stores, Inc., 
749 F.2d 488
, 489–90 (8th Cir. 1984) (finding a hardware store did not 
have standing to bring an antitrust claim involving the retail grocery store market because 
the hardware store’s injury was not inextricably intertwined with the retail grocery store 

market).                                                                  
    The Court previously determined this factor was neutral.  Plaintiffs’ alleged injury 
suggests it was the type of injury that Congress sought to protect, but Plaintiffs failed to 
clearly demonstrate they were in the same market.  In re Cattle and Beef Antitrust Litig., 

2024 WL 2728280
, at *5.  In the First Amended Complaint, Plaintiffs had not alleged they 
were producers of feeder cattle specifically and were thus too many steps removed from 
Defendants.  
Id.
                                                          
    However, the proposed amendment narrows Plaintiffs’ claims to those on behalf 
of producers of feeder cattle—who are only one step removed from Defendants.  There 

are also additional allegations and data regarding the relationship between feeder cattle 
and fed cattle prices.  (See, e.g., 2nd Am. Compl. ¶ 237, Figure 22.)  Plaintiffs newly allege 
that “[i]ndustry data demonstrates the impact fed cattle prices have on feeder cattle 
prices, including that feeder cattle price and demand is derivative of fed cattle price and 

demand.  That is, changes in the price of fed cattle cause changes in the price of feeder 
cattle.”  (Id. ¶ 236 (emphasis omitted).)  In addition, Plaintiffs newly allege that feeder 
cattle prices “move in unison with the prices feedlots and other entities are receiving for 

their fed cattle,” and that “[i]ndustry professionals and feedlots, with whom Defendants 
do business, speak with one voice as to the relationship between feeder cattle and fed 
cattle pricing.”  (Id. ¶¶ 237–38.)  Furthermore, Plaintiffs add supplemental statements 
from industry experts regarding the relationship between the prices of fed cattle and 

feeder cattle to explain that “the demand and price of feeder cattle is primarily driven by 
the current price and future price of fed cattle.”  (Id. ¶ 249.)  Finally, Plaintiffs provide 
analyses  of  USDA  data  from  five  USDA  livestock  mandatory  reporting  regions  to 
supplement  allegations  that  the  price  of  feeder  cattle  and  price  of  fed  cattle  are 

inextricably linked.  (Id. ¶ 255, Figure 24.)                             
    Taken together, the proposed amendments link the price of feeder cattle and the 
price of fed cattle to support a reasonable inference that Plaintiffs’ alleged injury is 
“inextricably linked” with Defendants’ conduct, at least at the pleading stage.  See In re 
TFT-LCD (Flat Panel) Antitrust Litig., 
586 F. Supp. 2d 1109, 1123
 (N.D. Cal. 2008) (finding 

that markets for products and sub-products contained in the product were “inextricably 
linked”).  Because Plaintiffs are now only one step removed from Defendants, their 
alleged injury is not too remote.  Defendants’ argument that feeder cattle and fed cattle 
prices diverge at points does not mean those prices are implausibly interlinked.  Thus, the 

Court finds that the injury factor now weighs in favor of standing.       
         4.   Directness                                                 
    The fourth factor concerns the directness between the injury and the market 
restraint, which requires consideration of the “chain of causation.”  McDonald, 
722 F.2d at 1374
; AGC, 
459 U.S. at 540
.  See also Yellow Pages Cost Consultants, Inc. v. GTE 
Directories Corp., 
951 F.2d 1158, 1162
 (9th Cir. 1991) (“[D]irectness in the antitrust context 
means close in the chain of causation.”).  Plaintiffs must establish directness that is not 

“too remote.”  In re Dynamic Random Access Memory Antitrust Litig., 
516 F. Supp. 2d 1072, 1092
 (N.D. Cal. 2007).  The Court previously determined this factor weighed against 
standing because there were too many links in the chain between Defendants’ alleged 
conduct and Plaintiffs’ alleged harm.  In re Cattle and Beef Antitrust Litig., 
2024 WL 2728280
, at *5–6.                                                         
    Because Plaintiffs are now only one step removed from Defendants in the beef 
supply chain, they demonstrate a plausible traceability between their alleged harm and 
Defendants’ conduct.  See In re Broiler Chicken Antitrust Litig., 
290 F. Supp. 3d 772
, 813–
14 (N.D. Ill. 2017).  The amendment establishes a plausible connection between feeder 
cattle prices and fed cattle prices to support a reasonable inference that Plaintiffs are 

inextricably intertwined with Defendants’ alleged conspiracy, similar to the Producer 
Plaintiffs.  See In re Cattle Antitrust Litig., 
2021 WL 7757881
, at *8; see also In re Copper 
Antitrust Litig., 
98 F. Supp. 2d 1039, 1051
 (W.D. Wisc. 2000) (finding sufficient directness 
where indirect purchasers were harmed due to defendants’ power over the relevant 

market).  However, Plaintiffs allege a connection to Defendants through the manipulation 
of fed cattle prices, not explicitly feeder cattle prices.  (2nd Am. Compl. ¶ 1.)  Although this 
may suggest that Plaintiffs were tangentially harmed by Defendants’ alleged conduct and 

not specifically targeted, Plaintiffs allege that “[b]ecause anticompetitive conduct that 
suppresses fed cattle prices necessarily reduces feeder cattle prices, a necessary target of 
Defendants’ price-fixing conspiracy was the suppression of feeder cattle prices.”  (Id. ¶ 
252.)  Directness may be shown where the plaintiff’s harm “was a necessary step in 

effecting the ends of the alleged illegal conspiracy.”  McCready, 
457 U.S. at 479
.  On 
balance, therefore, the Court finds the directness factor is neutral, weighing neither for 
nor against antitrust standing.                                           
         5.   Speculative Nature of Damages                              

    The Court must next consider the speculative nature of the damages.  McDonald, 
722 F.2d at 1374
.  The Court previously found this factor neutral.  Even though other 
factors may affect cow-calf prices, similar meat packing antitrust cases have considered 
the speculative nature of damages and determined there are means and methods for 
economic analysts to pinpoint prices that would have been paid but for the conspiracy.  
In re Cattle and Beef Antitrust Litig., 
2024 WL 2728280
, at *6.           

    Defendants argue that the Second Amended Complaint improperly contradicts the 
original complaint, which alleged that the beef supply chain contains two sectors—
backgrounding operations and stocker operations—between the cow-calf producers and 
the feedlots, not the single feeder cattle sector that Plaintiffs now narrow in on.  (Compl. 

¶ 68); ecoNugenics, Inc., 
355 F. Supp. 3d at 794
; Peirce, 
2023 WL 2898595
, at *4.  But 
Plaintiffs’ narrowing to cattle producers who sold feeder cattle of a certain weight and 
frame type to feedlots does not equate to an allegation that backgrounding operations 

and stocker operations no longer co-exist in the beef supply chain.  Plaintiffs’ previous 
complaints  allege  that  both  backgrounders  and  stockers  may  sell  cattle  directly  to 
feedlots.  (See Compl. ¶¶ 5, 63, 68; Am. Compl. ¶¶ 7, 63.)  Thus, Plaintiffs’ amendment 
does not impermissibly contradict the allegations in the previous complaints. 

    The Second Amended Complaint’s narrowing of the class and claims ultimately 
simplifies the analyses for economic analysts to determine the prices that would have 
been paid but for the conspiracy.  However, multiple other factors still may have affected 
the prices of the feeder cattle in addition to Defendants’ conduct.  Thus, this factor 

continues to be neutral, weighing neither for nor against antitrust standing. 
         6.   Risk of Duplicative Recovery                               
    The  final  factor  is  the  “risk  of  duplicative  recoveries  or  complex  damage 
apportionment.”  McDonald, 
722 F.2d at 1343
.  The Court previously found this factor 
weighed in favor of antitrust standing because of the potential to conduct economic 
analyses to ascertain an appropriate damages amount.  In re Cattle and Beef Antitrust 

Litig., 
2024 WL 2728280
, at *6.  Because nothing in Plaintiffs’ proposed amendment 
would change this conclusion—which the parties do not challenge—the Court again finds 
that the duplicative recovery factor weighs in favor of standing.         
                          *    *    *                                    

    Weighing the six AGC factors under Plaintiffs’ proposed amendment, three of the 
factors are neutral and the other three factors weigh in favor of standing.  On balance, 
the Court  is satisfied  that  Plaintiffs  have  plausibly alleged  antitrust  standing at  the 

pleading stage, such that their amendment would not be clearly frivolous. 
                          CONCLUSION                                     
    Because Plaintiffs have been sufficiently diligent in trying to meet the Court’s 
scheduling order deadline, the Court finds good cause exists to permit them to amend 

their  First  Amended  Complaint.    Because  any  prejudice  to  Defendants  would  be 
outweighed by the hardship to Plaintiffs in being denied the opportunity to try the merits 
of their claims in this multidistrict litigation, Defendants would not be unduly prejudiced 
and the Court can think of no other possible prejudice Defendants would suffer.  And 

finally,  the  Court  is  satisfied  that  Plaintiffs’  proposed  amendment  would  cure  the 
identified  deficiencies regarding antitrust  standing  at  the  pleading stage.   Plaintiffs’ 
amendment to narrow the putative class to producers of feeder cattle who are only one 
step removed from Defendants supports the reasonable inference that Plaintiffs’ harm is 
not  too  attenuated  from  Defendants’  alleged  conspiratorial  conduct;  and  Plaintiffs’ 
bolstered allegations support the reasonable inference that the price of fed cattle and the 
price  of feeder  cattle  are  sufficiently  linked  at  the  pleading  stage.   As  a  result,  the 
amendment would  not  be  futile.  Accordingly,  the  Court will  grant  Plaintiffs  leave  to 
amend their First Amended Complaint. 

ORDER

     Based on the foregoing, and  all the files,  records, and  proceedings herein,  IT IS 
HEREBY ORDERED that Plaintiffs’ Motion for Leave to Amend First Amended Complaint 
[Docket No. 717] is GRANTED. 

DATED:  September 30, 2024                        date M. (saan 
at Minneapolis, Minnesota.                         JOHN R. TUNHEIM 
                                            United States District Judge 

                                    -24- 

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