Saturday, September 14, 2024

Pilgrim’s Pride agrees to $100M antitrust settlement

By David B. Strickland Poultry Times editor dstrickland@poultrytimes.com

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GAINESVILLE, Ga. — Pilgrim’s Pride, a subsidiary of JBS USA Holdings, and one of the nation’s largest chicken producers, has agreed to a $100 million antitrust settlement that claims it conspired with other companies to underpay its growers.

This settlement by Pilgrim’s Pride is the largest in the seven-year-old antitrust case’s history. Previous settlements include Tyson Foods, $21 million, Sanderson Farms, $17.75 million, Koch Foods, $15.5 million, and Perdue Foods, $14.75 million.

Pilgrim’s Pride has denied any wrongdoing in this case. A preliminary settlement was filed with the U.S. District. . .

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