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Some of America’s Top Chicken Purveyors Are Under Investigation for Price Fixing
- bduerst 7y ago>The suit alleges that these companies used a subscription service called Agri Stats to share information with each other about the age of their chickens and operating costs. Is AgriStats just another industry BI data vendor or is it some messaging/forum platform as well?
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- IfOnlyYouKnew 7y agoObligatory Matt Levine link: https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud?srnd=premium-europe https://www.bloomberg.com/opinion/articles/2019-06-26/everyt... (search "chicken")
- kazinator 7y agoThese puffed up, cocky bastards sure think they rule the roost.
- jMyles 7y agoI'm fine with pun threads, but this feels overdone and not funny, at least to me.
- deleted 7y ago[deleted]
- foolfoolz 7y agothis is pretty amazing. i buy a lot of costco canned chicken. it's usually $10 for 6cans, 7oz of chicken each can. that's like $3.80 a pound. i know that cans have additional packaging costs but fresh chicken isn't too much more than that, you can usually get it for $6/lb. i feel like canned chicken should be far below fresh in price. who knows how old these cans are? or how many chickens are actually in each can? the ability to inventory should keep the price pretty constant
- Amezarak 7y agoThose are some crazy prices. Fresh chicken goes for around 2.50/lb in the South US.
- nullwasamistake 7y agoI can get breasts for $1.60/lb here in bulk
- selimthegrim 7y ago$0.50-$1.00 a lb for leg quarters/thighs/drumsticks if you know where to look although good organic fresh whole chicken can be had for $4.75-$5.35 a lb. (Southern US)
- geodel 7y agoI guess you are buying inorganic chicken :-)
- anbop 7y agoWho would buy organic, canned, chicken? Seems like the demographics for "canned meat" and "organic food" are completely opposite.
- chrisseaton 7y agoWhy? Canning isn't at odds with the organic movement is it? I see lots of canned organic vegetables available for sale.
- AngryData 7y agoMaybe for the people who don't understand what 'organic' actually means and thinks it is some kind of code for 'fake chemically stuff'. Canning is old technology, before cheap jars and cans we just made potted meat which was a clay pot sealed with butter or lard. Glass, metal, and wax are just better replacements for lard and butter.
- tracker1 7y agoI do find it interesting that Chicken seems to be more than Beef, and a lot more than Pork lately. I've just been having more pork and beef anyway.
- koolba 7y agoYou mean “more” as in higher prices per pound? If so, what cuts? I don’t think I’ve ever seen chicken prices anywhere near a decent cut of beef. Plus the best parts, the dark meat, is cheaper than the tasteless breast.
- dsfyu404ed 7y agoWhat? Even the cheapest ground beef still costs more per pound than most chicken assuming you make a reasonably even comparison between form factors.
- kartan 7y ago> the price of broiler chickens jumped by 50 percent between 2008 to 2016, despite the fact that cost of feeding the chickens went down during this period. If costs to down and price go up and there is no increase in demand there is a problem. > Three of these companies — Sanderson, Tyson, and Pilgrim’s Pride — control nearly half the American chicken market This sums up XXI century capitalism. Olygopolies control everything leaving consumers or even business with just a couple of options. It's easier to fix prices that way as it's easier to increase profit thru cooperation that to risk a competition war.
- TaylorAlexander 7y agoWe need an economy of worker owned cooperatives. It won’t solve every problem but it would solve some problems. A few executives are more likely to screw over the public than a large collection of workers.
- rmorey 7y ago"America's Top Chicken" sounds like an awesome reality show
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- marsrover 7y agoThis reminds me of the movie "The Informant". Good movie. That's about all I have to contribute to this conversation.
- iscrewyou 7y agoI enjoyed that movie and never have I said “What is going on???” more times than watching that movie.
- sjg007 7y agoThis was a plot device in Billions.. funny.
- apricot13 7y agoThey covered this in the series rotten on Netflix. The chickens suffer and the farmers suffer but the corporation profits.