Dismissing the reality of high inflation, Sen. Elizabeth Warren (D-MA) asked the Department of Justice to investigate poultry companies for using their combined market power to raise turkey prices.
As The Daily Wire reported earlier this month, meat and poultry producers like Tyson Foods are raising prices due to inflationary pressures. Nevertheless, Warren accused Tyson and its competitors of “price fixing,” “excessive consolidation,” and “plain-old corporate greed.”
Her letter to Assistant Attorney General Jonathan Kanter says:
As poultry companies report record profits, hand out executive pay raises, and spend billions on stock buybacks and dividends, I am requesting that the Antitrust Division of the Department of Justice (DOJ) examine how poultry companies’ anticompetitive practices raise costs for American families and lower wages for American farmers — all while