Meat-processor stocks fall after DoJ brings antitrust suit against data provider Agri Stats

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The DoJ says Agri Stats has known for years that its weekly reports for participating meat processors are being used for anticompetitive purposes.

The Justice Department has filed a civil antitrust lawsuit against meat data provider Agri Stats, charging it with organizing and managing anticompetitive information exchanges among broiler chicken, pork and turkey processors.

While no individual companies were named in the statement and it’s not clear if some or all receive Agri Stats reports, the stocks of meat producers were mostly lower Thursday. “The Justice Department is committed to addressing anticompetitive information exchanges that result in consumers paying more for chicken, pork and turkey,” Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division said in the statement.

 

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