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On April 4, 2022, the U.S. Department of Justice Antitrust Division (the “Division”) announced noteworthy updates to its Corporate Leniency Program as well as its frequently asked...
Makeup of policies, politics changing amid unified push to find solutions in meat markets WASHINGTON, DC – The world’s largest meat packer considered the makeup of the U.S. meat industry sitting around the table at a recent closed-door and decided they didn’t want to take a seat. JBS USA, a unit of the Brazilian meat conglomerate JBS SA, has left the National Cattlemen’s Beef Association (NCBA) in a surprise move that comes as the group began taking a harder line on concerns about market consolidation. The news came as NCBA and other rancher and producer organizations have begun activ...
UPDATE: Feb. 24, 2021: Pilgrim's Pride pleaded guilty and agreed to pay a $107.9 million fine to the U.S. Justice Department to settle federal charges that it conspired to increase chicken prices and pass those costs on to consumers and other poultry buyers. Pilgrim’s is the first company to plead guilty. Separately, an Illinois judge approved a deal where Tyson will pay $80 million to broiler chicken purchasers, while Pilgrim's Pride will pay $75 million to resolve their claims. UPDATE: Jan. 20, 2021: Tyson Foods said in a regulatory filing with the U.S. Securities and Exchange Commi...