Chicken industry executive indicted for price fixing: DJ
One of the country’s biggest chicken producers and other industry executives were indicted Wednesday for allegedly conspiring to fix prices on chickens sold to grocery stores and restaurants.
Video Transcript
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JULIE HYMAN: Welcome back to "On the Move" on Yahoo Finance. We have some breaking news for you regarding the chicken industry. Industry executives, including the CEO of Pilgrim's Pride, have been indicted for price fixing. That's according to Dow Jones. And we're seeing those Pilgrim's Pride shares head sharply lower. Shares of Tyson's also heading sharply lower.
This is an investigation of price fixing that had been going on for quite some time. So again, Dow Jones reporting indictments now in those price-fixing cases. We'll keep you monitored-- keep you posted on what is going on in that--
