As part of a broader campaign against anticompetitive practices, the Biden administration has taken on the chicken industry. Why have the results been so paltry?
Two chicken growers in Texas previously contracted with Pilgrim’s Pride Corp. (Nasdaq: PPC) have sued the Greeley company and several other large-scale chicken packers in the U.S., alleging that the industry has colluded to artificially keep compensation down.
A federal grand jury in Denver indicted four additional former Pilgrim’s Pride executives for their alleged role in nationwide price fixing, according to the U.S. Department of Justice.
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