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Meat and Poultry Is Wildly Expensive Now — and It Could Be Due to Price Fixing

Summary:
This appears to be similar to what I wrote about recently, An A1 Price Fixing Dream. You Know It’s There. But You Can’t Prove It. – Angry Bear. You have an entity collecting information, categorizing it, and then supplying the information to other entities so they can set pricing. In this case with meat and poultry, it may not be as sophisticated. Agri Stats, the data and consulting company collects competitive information and passes the information to the meat processing industry. They in turn fix their prices to similar levels. ~~~~~~~ Meat and Poultry Is Wildly Expensive Now — and It Could Be Due to Price Fixing, Food and Wine Agri Stats, the data analytics and consulting company, unlawfully collected competitive industry data.  If the

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This appears to be similar to what I wrote about recently, An A1 Price Fixing Dream. You Know It’s There. But You Can’t Prove It.Angry Bear. You have an entity collecting information, categorizing it, and then supplying the information to other entities so they can set pricing. In this case with meat and poultry, it may not be as sophisticated. Agri Stats, the data and consulting company collects competitive information and passes the information to the meat processing industry. They in turn fix their prices to similar levels.

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Meat and Poultry Is Wildly Expensive Now — and It Could Be Due to Price Fixing, Food and Wine

The DOJ’s release on the case also noted that the data included information on sales pricing, fixed costs like worker and farmer compensation, and output by individual companies. Participating processors in the data sharing account for “more than 90% of broiler chicken sales, 80% of pork sales and 90% of turkey sales in the United States,” it added. 

“The complaint further alleges that Agri Stats understood that meat processors have used these reports for anti-competitive purposes and, in some instances, even encouraged meat processors to raise prices and reduce supply.” the DOJ explained.

“While distributing troves of competitively sensitive information among participating processors, Agri Stats withholds its reports from meat purchasers, workers, and American consumers, resulting in an information asymmetry that further exacerbates the competitive harm of Agri Stats’ information exchanges.” 

“DOJ’s lawsuit threatens to unwind these benefits and cause further harm to Americans who already are struggling with inflated food costs,” Justin Bernick, a partner at Hogan Lovells representing Agri Stats, stated. 

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