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US Justice Department settles Agri Stats meat pricing case
The deal requires Agri Stats to share reports with all buyers and sellers after allegations that its data helped meat producers coordinate pricing.
- On Thursday, acting U.S. Attorney General Todd Blanche announced the Justice Department and six states settled their civil antitrust lawsuit against Agri Stats, with Blanche saying the move will lower meat prices for consumers.
- Federal officials alleged that Indiana-based Agri Stats enabled anti-competitive practices by sharing nonpublic price and sales data with chicken, pork, and turkey processors, putting grocery stores and restaurants at a competitive disadvantage.
- Under the proposed 10-year agreement, Agri Stats must share its collected industry data with meat buyers including grocery stores and restaurants, and the company will be subject to a seven-year monitorship pending court approval.
- Agri Stats President Eric Scholer said the company was pleased to resolve the matter, noting its reports have helped chicken producers expand production and reduce costs.
- The Justice Department is separately investigating potential antitrust violations in the beef processing industry following a request from President Donald Trump, while drought and U.S.-Mexico border livestock import closures continue driving high meat prices.
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Associated Press News+13 Reposted by 13 other sources
Trump administration settles meatpacking antitrust case in bid to bring down grocery prices
The Trump administration has reached a proposed settlement in an antitrust case against Agri Stats, a data-sharing company for the meatpacking industry.
·United States
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Trump administration settles meatpacking antitrust case
The Trump administration has reached a proposed settlement in an antitrust case against Agri Stats, a data-sharing company for the meatpacking industry. The federal government accused the company of helping drive up grocery prices. Justice Department officials, who initially brought…
·Flint, United States
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Total News Sources31
Leaning Left6Leaning Right4Center9Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 32%
C 47%
R 21%
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