The Hidden Meat Industry Scandal: How Data Manipulation Raises Your Grocery Prices
This is one of the biggest food scandals of the 21st century. It involves a company called Agri Stats, which gathers secret data from the largest meat companies in the U.S., like Tyson and Hormel. They allegedly use this data to raise prices on chicken, pork, and turkey, making food more expensive for everyone while increasing their profits.
Agri Stats collects detailed information about how much companies pay to produce meat, how much they sell it for, and even how their competitors are pricing their products. This data allows companies to adjust their prices and limit how much meat they produce, which hurts consumers by making groceries cost more.
Minnesota Attorney General Keith Ellison is leading a lawsuit against Agri Stats, accusing them of breaking antitrust laws that are meant to keep businesses competitive and fair. The case argues that sharing this kind of data creates an unfair advantage, like giving answers during a test. This lawsuit, along with others, aims to lower food prices and protect consumers.
If successful, this case could change how companies share information and prevent future price manipulation in the food industry. However, it is a tough fight, as existing laws may not fully address modern practices like these. Still, government officials are determined to hold these companies accountable and make the economy fairer for everyone.
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