Chick-fil-A sues poultry suppliers for price-fixing
Chick-fil-A is seeking unspecified damages and to recoup legal fees, according to the lawsuit. Representatives for Tyson and Perdue said that Chick-fil-A’s claims were unfounded and that the companies would contest them.
The lawsuit adds one of the U.S. poultry industry’s biggest customers to a four-year legal battle over alleged collusion among companies that produce the bulk of the roughly 37 billion pounds of chicken consumed annually in the U.S.
Major supermarket operators and food-service distributors have filed civil suits alleging anticompetitive behavior, and this year the U.S. Justice Department indicted senior chicken-industry executives and sales officials on criminal charges of bid-rigging and price-fixing. The defendants have pleaded not guilty to the criminal charges, and major chicken companies are contesting the civil-court claims.
April beef exports totaled 89,783 mt, down 11% from a year ago, while value fell 5% to $780.6 mil...
However, there is reason to hope that the market can now recover at this lower price level. A sur...
Pork exports totaled 257,212 metric tons (mt) in April, 8% (and nearly 20,000 mt) above last year...