Poultry Execs Charged with Price-Fixing

Oct. 8, 2020
Six executives of poultry processing companies have been indicted in a widening federal criminal probe into allegations of industry price-fixing.

Six executives of poultry processing companies have been indicted in a widening federal criminal probe into allegations of industry price-fixing.

Bill Lovette, who retired in March 2019 as CEO of Pilgrim’s Pride, was among those charged. Also targeted were a former Pilgrim’s Pride sales supervisor, a former Tyson Foods sales executive, and employees of Koch Foods, Case Farms and George’s Inc.

The arrests are the latest in an ongoing federal investigation into price-fixing in poultry. The probe has already resulted in the indictment of Jayson Penn, a former CEO who was fired by Pilgrim’s Pride last month.

The new indictments charge executives from purportedly rival companies with communicating with each other regarding prices and other decisions. For example, in 2013, after a restaurant chain asked both Pilgrim’s Price and Tyson Foods about prices for frozen chicken, a Tyson employee got in touch with execs from Pilgrim’s and Koch to discuss their response. Both Pilgrim’s and Tyson then separately told the chain they would charge a premium for supplying frozen poultry, the indictment said.

The probe seeks to cover alleged price-fixing from 2012 into early 2019.

Sponsored Recommendations

F&B Manufacturer Implements Powerful Cybersecurity

A leading F&B manufacturer has moved to harness the skills of Rockwell Automation and Claroty to harden their OT and IT defences.

6 Ways to Augment Your Food and Beverage Workforce

Modern digital tools and technologies help attract, retain and empower a modern workforce.

2024 Manufacturing Trends - Unpacking AI, Workforce, and Cybersecurity

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

Better OT Asset Management Increases Uptime

A food and beverage company streamlines and simplifies its OT cybersecurity to increase system reliability and uptime.