U.S. Indicts Four Chicken Executives, Alleges Price Fixing

Federal authorities have indicted four officials from two chicken companies for allegedly fixing prices and rigging bids for broiler chickens across the United States.

The four executives include Jayson Penn, the president and CEO of Pilgrim’s Pride Corp, which is mostly owned by JBS USA Inc.
The four executives include Jayson Penn, the president and CEO of Pilgrim’s Pride Corp, which is mostly owned by JBS USA Inc.
(Bloomberg)

Federal authorities have indicted four officials from two chicken companies for allegedly fixing prices and rigging bids for broiler chickens across the United States, the U.S. Department of Justice said in a statement on Wednesday.

The four executives include Jayson Penn, the president and CEO of Pilgrim’s Pride Corp, which is mostly owned by JBS USA Inc, as well as another executive at the Colorado chicken supplier, according to the statement. Two executives from a Georgia broiler chicken producer were also indicted.

<

AgWeb-Logo crop
Related Stories
The joint letter highlights a 150% spike in fertilizer prices and calls for immediate relief for the struggling U.S. farm economy.
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
From canola to hemp, recent history shows new crops only stick when margin and infrastructure line up for years—not seasons.
Get News Daily
Get Market Alerts
Get News & Markets App