"It's my role to report. It's your role to press for reforms"
Wednesday, August 25, 2021
Pork price-fixing lawsuit filed
Jetro Holdings of New York has
filed a lawsuit against major United States pork processors claiming they
illegally shared information that led to it having to pay more for about $20
billion of pork it bought annually from 2009 to 2017.
The lawsuit is similar to ones
others have filed against poultry processors. In both products Agri Stats Inc.
The defendants include Clemens
Food Group, Hormel Foods Corp., JBS USA, Seaboard Foods, Smithfield Foods,
Triumph Foods and Tyson Foods, according to the filing in New York District
The producers allegedly
violated the Clayton Antitrust Act of 1914 by working together with data
provided by Agri Stats Inc. to “fix, raise, maintain and stabilize pork prices.
None of the companies named
have commented so far.
The suit references similar
accusations contained in the continuing broiler antitrust lawsuit filed in a
federal court in Chicago in 2016 against several of the defendants in the New