Thursday, June 27, 2024

Pilgrim’s Pride settles with chicken growers


 

Pilgrim’s Pride, the last holdout, has reached a settlement with about 2,400 chicken growers who accused it of conspiring with other large-scale processors to rig the markets.


Pilgrim’s is owned by JBS S.A. of Brazil, the world’s largest meat-packing company.


The amount of the settlement was not revealed in the court documents released this week in Oklahoma. The details will likely be released in about two weeks when the case is finalized.


In 2021, Tyson and Perdue Farms settled for $21 million and $14.75 million, respectively. In May, Koch Foods settled with growers for $15.5 million.