Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The Department of Justice has intervened in a price-fixing suit against the country’s biggest poultry companies, Tyson Foods, Inc. (NYSE:TSN) and Pilgrim's Pride Corporation (NASDAQ:PPC).
The Fern reports the landmark class-action lawsuit filed by food distributor Maplevale Farms alleges that a number of poultry companies coordinated prices between 2008 and 2016, resulting in a 50% price hike for broiler chicken.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
“They took this action ‘despite input costs (primarily corn and soybeans) falling roughly 20% to 23% over the same time period,’ according to the complaint.
The defendants control about 90% of the country’s poultry sector, The Fern reported.
Tyson Foods shares were down 1.35% late in Tuesday's session; Pilgrim's Pride shares were down 1.06%; Sanderson Farms, Inc. (NASDAQ:SAFM) shares were down 2.2%; and Hormel Foods Corp (NYSE:HRL) shares were down 3.44%.
Related Links:
Another Company Joins The Plant-Based Food Race: Campbell Soup
Raised & Rooted: Tyson Enters The Plant-Based Food Products Market
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.