“Just keep ’em the same” sounds like wishful thinking on prices from a business savoring fat profits.
Instead, it is what some chicken processors allegedly told an employee of the Georgia Department of Agriculture who used their weekly responses to price billions of dollars a year in supermarket chicken sales. Now that questions have emerged about the reliability of the Georgia Dock, a price index for chickens, things may never be the same again for companies like Sanderson Farms, Pilgrim’s Pride and Tyson Foods.
If evidence were to emerge of actual price manipulation along the lines of similarly self-reported indexes such as the London interbank offered rate then fines could follow. But, even if the index was just unintentionally overstated, it could have a serious financial impact.
To read the rest of the story, please go to: Wall Street Journal
