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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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'It's a gut punch': Critics warn Trump's DOJ settlement greenlights more food price hikes
US President Donald Trump’s Justice Department moved Thursday to settle a Biden-era antitrust lawsuit against the analytics firm Agri Stats, proposing an agreement that critics say would effectively give the stamp of federal approval to meat industry price-fixing schemes.The Justice Department—now h...
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Justice Dept. settles case against provider of meat industry data
The Justice Department has filed a proposed settlement in its antitrust lawsuit against Agri Stats, a data provider and consulting company for meat processors, saying the move would lower food prices and increase competition in the meat industry. The post Justice Dept. settles case against provider of meat industry data appeared first on Hawaii Tribune-Herald.
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Total News Sources34
Leaning Left7Leaning Right5Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
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