Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Poultry Execs Charged with Price-Fixing

foodprocessing 2020-10-08
Share       

Six executives of poultry processing companies have been indicted in a widening federal criminal probe into allegations of industry price-fixing.

Bill Lovette, who retired in March 2019 as CEO of Pilgrim’s Pride, was among those charged. Also targeted were a former Pilgrim’s Pride sales supervisor, a former Tyson Foods sales executive, and employees of Koch Foods, Case Farms and George’s Inc.

The arrests are the latest in an ongoing federal investigation into price-fixing in poultry. The probe has already resulted in the indictment of Jayson Penn, a former CEO who was fired by Pilgrim’s Pride last month.

The new indictments charge executives from purportedly rival companies with communicating with each other regarding prices and other decisions. For example, in 2013, after a restaurant chain asked both Pilgrim’s Price and Tyson Foods about prices for frozen chicken, a Tyson employee got in touch with execs from Pilgrim’s and Koch to discuss their response. Both Pilgrim’s and Tyson then separately told the chain they would charge a premium for supplying frozen poultry, the indictment said.

The probe seeks to cover alleged price-fixing from 2012 into early 2019.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Rice Bran Wax

Rice Bran Wax

Corn Gluten Feed 24%

Corn Gluten Feed 24%

Delize Enzyme Tablets

Delize Enzyme Tablets

HMSP Extruder Machinery

HMSP Extruder Machinery

Electrical Equipment

Electrical Equipment

Bioingredients

Bioingredients

GT01 CAN LABELING MACHINE

GT01 CAN LABELING MACHINE

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121