The two largest chicken producers in the United States have said they have reached an agreement with a group of poultry buyers to settle price fixing claims.
Tyson Foods Inc., the largest U.S. meat company in terms of sales and the country’s largest chicken supplier, and Pilgrim’s Pride Corp.,, the second largest poultry processor in terms of sales, said separately that they had four years. Attacked agreements to resolve the legal battle. Alleged collusion in the 65 billion chicken industry
Restaurant chains, supermarket operators and food distributors have accused Tyson, Pilgrim’s and other major poultry companies of harmonizing production and price increases to increase staple prices such as chicken breasts, tenders and feathers. Are Poultry prices have risen, he said, pointing to economic factors in the chicken suppliers.
Last year, the U.S. Department of Justice filed criminal pricing and bidding charges against 10 poultry industry executives, including two former Pilgrim’s chief executives. Defendants pleaded not guilty.