Submitted by Doyoufeelme101 t3_z5qt0k in wallstreetbets
Theta_Ome t1_iy2fluu wrote
Reply to comment by bignewsforyou in Entrenched food inflation for years to come. by Doyoufeelme101
It wasn’t common knowledge exactly but it leaked when this (and many other) cases came out. This was so systemic that people got sloppy as they do. There’s more to it than just this link, and I have no doubt there was some effort to squash those leaks. But the did try to initially claim that they couldn’t possibly be price fixing with artificially created shortfalls in slaughter - since they had two years frozen in massive storage facilities.
The amount of fraud that has been found in commodities last couple years is insane.
It relates to this but it was every single one of the big ones, beef and chicken, I think pork was not in it but I’m not sure. https://www.reuters.com/legal/litigation/jbs-reaches-icebreaker-settlement-beef-price-fixing-claims-2022-02-02/ Specifically U.S. but no doubt it affected global chains
[deleted] t1_iy65k1d wrote
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