The Department of Justice announced six new chicken-industry defendants in its ongoing investigation into price-fixing and bid rigging for broiler chicken products.
Pilgrim's Pride, which produces 20% of U.S. chicken, has entered into a plea agreement with the Department of Justice in its investigation into price-fixing and bid-rigging of chicken products.
Tyson Foods Inc said on Monday quarterly profit fell 21 percent, hurt by fires at two chicken plants, and that Florida's attorney general was seeking information from the company regarding possible anticompetitive condu
"Farmers have a right to be wary as all the magic beans and magic bullets they’ve purchased, promising them yields and returns they could only dream of. Well, they were just that–dreams."
Shares of chicken producers fall after disclosure of subpoena. Tyson also raised fiscal 2017 earnings target on beef and pork.
Walmart, America’s largest retail grocer, has filed suit against various U.S. poultry companies alleging a conspiracy to inflate chicken prices.
A federal class-action lawsuit filed in Baltimore alleges Perdue, Tyson, Pilgrim’s Pride and 15 other poultry-processing giants conspired to suppress worker wages.