Several well-known meatpackers are accused in a class-action lawsuit of artificially jacking up the price of pork products.
Hormel Foods and Tyson are among the packers that allegedly conspired with info-sharing service Agri-Stats to exchange “detailed, competitively sensitive, and closely guarded non-public information, according to the complaint filed by pork buyers Thursday in a Minnesota federal court.
The buyers claim the scheme boosted prices by more than 50 percent.
Continue reading Several meatpackers accused of jacking up pork prices at Brownfield Ag News.
