Class Action Lawsuit: Poultry Producers manipulated market

Maplevale Farms, one of the country’s leading food service providers, has brought a federal class action antitrust lawsuit against the country’s top poultry producers, alleging they conspired to hatch a plan to manipulate the supply of chicken to keep the price of the birds artificially high, harvesting bumper profits. According the complaint, at a time their input costs were falling – in particular, the prices of the corn and soybeans used to feed their chickens – the prices of broilers remained stubbornly high, relative to past “boom and bust” cycles. The lawsuit pinned the blame on the historically unusual price stability on alleged cooperation between the large poultry producers.