U.S. price-fixing investigation tags another Pilgrim’s Pride chief

A federal grand jury indicted former chief executive William Lovette of Pilgrim's Pride, one of the largest U.S. poultry processors, and five other industry executives on charges of conspiring to fix prices and rig bids for broiler chicken products, announced the Justice Department on Wednesday.

Indictments could be a sign of increased antitrust enforcement in farm sector

After years of failed attempts to draw attention to market concentration in the meat sector, farmers are cautiously optimistic about federal investigations into alleged antitrust violations in the chicken and beef industries. And grand jury indictments of four chicken industry executives could be a sign of more antitrust action to come, says a former attorney at the Department of Justice. (No paywall)

Poultry execs indicted for price fixing

A federal grand jury indicted four poultry industry executives on a charge of conspiring to fix prices and rig bids for broiler chickens, announced the Justice Department on Wednesday. The charges were the first in "an ongoing federal antitrust investigation into price-fixing, bid rigging, and other anticompetitive conduct in the broiler chicken industry," it said.