Pilgrim’s Pride proposes settlement following price-fixing allegations


I’m Clinton Griffiths with Today’s AgDay Minute.

One of the nation’s largest chicken processors is agreeing to settle some of the price-fixing claims against it. The Wall Street Journal reporting Pilgrim’s Pride, the second-largest chicken processor in the country, has reached a 75-million dollar civil settlement with a group of poultry buyers. You’ll remember last year the Department of Justice filed criminal price-fixing charges against 10-poultry industry executives. Pilgrim’s says the civil settlement still needs court approval.

The bull market we’ve been seeing in U.S. commodity prices may get more fuel Tuesday. USDA is set to release its latest supply and demand report, which helps tell the world how much grain the U.S. has in the pipeline. Traders expect all three of the major grains, corn, soybeans, and wheat, to see supplies fall this month because of strong export demand from countries like China.

What if we got rid of all the dairy cows? What impact, if any would that have on greenhouse gas emissions? Very little, according to a new study by folks at Virginia Tech. The authors found the removal of all dairy cows and ultimately all dairy products including things like milk, cheese, and yogurt would only reduce greenhouse gas emissions by 7- tenths of a percent. The small dip would also come at the price of a large nutritional gap for people, according to researchers.

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