A class-action lawsuit filed this week on behalf of pork consumers alleges that hog companies have colluded to artificially hike the price of pork — and their profits. The complaint also provides new insight into Agri Stats, a data-sharing company that sits at the center of the wave of antitrust allegations sweeping the meat sector.(No paywall)
Tyson Foods, Pilgrim’s Pride, and Perdue Farms have all been subpoenaed by the Department of Justice in the agency’s grand jury investigation into the poultry sector. FERN broke news of the investigation in June. The Wall Street Journal reports that the three poultry companies will cooperate …
U.S. District Judge Thomas Durkin in Chicago granted the Department of Justice’s request to stay discovery in a high-profile case that alleges collusion in the poultry industry. Durkin halted discovery in the case for three months, half the time DOJ had requested to protect its own grand jury investigation of the poultry sector.
Last week, several Midwestern feedlot owners along with the Ranchers-Cattlemen Action Legal Fund (R-CALF) filed a class-action lawsuit alleging that dominant meatpackers conspired to depress cattle prices starting in 2015. The case argues that JBS, Tyson, Cargill, and National Beef strategically cut back on open market cattle bids, closed plants, and imported costly foreign cattle in order to force farmers to accept lower prices and manipulate spot market cattle values.(No paywall)
Sen. Elizabeth Warren announced her agriculture policy platform Wednesday, three days before she is set to participate in a Democratic presidential candidates’ forum in rural Iowa. The platform calls for curtailing consolidation in agriculture by breaking up big agribusiness companies, reversing agriculture mega-mergers, and more. (No paywall)
Tyson, the largest U.S. meat company, will buy Keystone Foods for $2.16 billion. Keystone's prior owner, Marfrig Global Foods, announced the brand was up for sale earlier this year. The deal will face regulatory review in at least the U.S. and China.
Kansas Governor Jeff Colyer last Tuesday signed into law a controversial bill that will amend the state’s regulatory requirements for poultry confined animal feeding operations (CAFOs), local media reported. The bill was dubbed the “Tyson bill,” for its favorability to the large poultry processor who has attempted multiple times to set up a processing plant in the state.
Although Kansas has been the site of several high-profile fights over the future of chicken farming, the state’s Senate advanced a bill last week that would increase the cap on how many chickens a farmer can raise at once.
Tyson Poultry will pay a $2-million criminal fine for polluting a stream near its southwest Missouri plant. The pollution killed an estimated 108,000 fish.