US DOJ files meat industry antitrust case against Agri Stats

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

:The U.S. Department of Justice on Thursday filed an antitrust lawsuit against data company Agri Stats, alleging that its weekly reports on meat pricing and sales have enabled anticompetitive practices in the chicken, pork, and turkey industries.Meat companies including Smithfield Foods and Tyson Foods have p

:The U.S. Department of Justice on Thursday filed an antitrust lawsuit against data company Agri Stats, alleging that its weekly reports on meat pricing and sales have enabled anticompetitive practices in the chicken, pork, and turkey industries.

"Agri Stats operates its information exchanges to promote total industry profits at the expense of competition," said the DOJ's complaint. "Agri Stats provides vital benchmarking services that help keep production costs and prices low for consumers," Bernick said in an email. In one example laid out in the complaint, Tyson Foods in January 2010 allegedly told its sales employees to use Agri Stats data to negotiate for higher prices from retail buyers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Leonardo's air booking system is under cyberattack - state company RostecMOSCOW : Russia's Leonardo air booking system developed by state company Rostec is experiencing a massive cyberattack, it said on Thursday.'We are working to repel it. In the near future, the system will work again in normal mode,' Rostec said in a statement. (Reportind by Reuters)
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »