Several meat packers accused of artificially jacking up pork prices

Don't go bacon my heart!

June 28, 2018 - 10:30 pm

Several well-known meat packeing companies are accused in a class-action lawsuit of artificially jacking up the price of hot dogs, bacon and other pork products with the help of info-sharing service Agri Stats.

The companies allegedly conspired with the service to exchange “detailed, competitively sensitive, and closely guarded non-public information,” according to the complaint, filed by pork buyers Thursday in federal court in Minnesota. They contend that non-public information boosted prices that pork buyers had to pay by as much as fifty percent. 

Defendants in the proposed class-action lawsuit filed Thursday include Hormel and eight other companies, including Tyson Foods, JBS USA and Smithfield Foods. The Seattle law firm bringing the case believes that the alleged price-fixing forced consumers to pay high prices for bacon, ham and other pork products. Hormel says it intends to "vigorously defend this lawsuit."

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