Pilgrim’s Pride Corp., the nation’s second-largest U.S. chicken processor, said it has reached a settlement to pay $75 million to a group of poultry buyers in a price-fixing lawsuit.
Pilgrim's Pride, which produces 20% of U.S. chicken, has entered into a plea agreement with the Department of Justice in its investigation into price-fixing and bid-rigging of chicken products.
Clear Lab uses a robotic platform to improve food safety and its method shortens testing turnaround times by up to five days.
The Humane Society asks attorneys general to investigate allegations the poultry giant misled consumers about how it treats its birds.
Size matters for producers as smaller birds mean bigger profit and fast-food demand for small birds is helping prop up margins.
Tyson Seeking to Boost Food Brands as It Hunts for Acquisitions