The distributor alleges that starting as early as 2015, the four beef packers conspired to "fix, maintain, and raise the price of beef" through "periodic and parallel slaughter reductions." They allegedly coordinated these slaughter reductions through secret meetings at industry gatherings, such as the National Cattlemen's Beef Association annual convention; public earnings calls where executives discussed curtailing supply; and other forms of "surreptitious communications."
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In that litigation, a major focus is the secretive data company Agri Stats, which produces detailed industry reports on poultry production, farmer wages, and other business information. The plaintiffs allege that the poultry companies accomplished their collusion in part by utilizing the data provided by Agri Stats reports.
Sure some of it is that stuff, but lets not pretend its not mainly about greed.
https://www.agriculture.com/livestock/cattle/lawsuits-allege-price-fixing-by-big-beef-companies
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Sure some of it is that stuff, but lets not pretend its not mainly about greed.