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FOOD & BEVERAGES | Meat, Fish, Seafood & Alternative Proteins
houseofraeford.com

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Founded Year

1955

About House of Raeford Farms

House of Raeford Farms provides poultry products for food-service, retail, and export markets. It produces and processes raw chicken, turkey, partially prepared items, and fully cooked meals. It is based in Rose Hill, North Carolina.

House of Raeford Farms Headquarter Location

P.O. Box 699

Rose Hill, North Carolina, 28458,

United States

Latest House of Raeford Farms News

Tyson, Cargill, Hormel among suppliers to face turkey cartel claims

Oct 28, 2020

Judge rules defendants must face antitrust claims A judge in the US has ruled turkey product suppliers such as Tyson Foods and Hormel Foods must face claims they conspired with other poultry processors to increase prices. The claim has been brought by an "indirect purchaser of turkey products", which alleges illegal exchanges were made of "competitively sensitive" information, in violation of the Sherman Act, between US turkey suppliers and Agri Stats Inc. , a data supplier and advisory group in Indiana. As a result, the plaintiff claims it was forced to pay higher prices for turkey products and has consequently filed antitrust claims, not only against Tyson and Hormel, but also a host of other suppliers and their affiliates: Cargill , Butterball , Foster Farms , Perdue Farms, Kraft Heinz, Cooper Farms, House of Raeford Farms and Farbest Foods. While the group of defendants has moved to dismiss the claims, a federal judge in Chicago, Virginia Kendall, has denied the joint motion regarding the antitrust claims. Kraft Heinz filed its own separate motion, which has been granted because the food giant does not produce turkey products, and therefore "cannot be a member of the alleged conspiracy". "The turkey integrator defendants each entered into an agreement from at least 2010 to January 1, 2017, to exchange sensitive information through Agri Stats regarding their production and sales of turkey," a court document dated 26 October read. It continued: "Turkey is the relevant product market and the geographic market is the continental United States. Defendants and co-conspirators collectively controlled approximately 80 percent of the overall market share for turkeys during the Class Period. Each one of the defendants and co-conspirators entered into an agreement to exchange information through Agri Stats, as shown in a 2010 excerpt from an Agri Stats presentation. "The alleged information exchanged by Agri Stats is current and forward-looking, it is specific to the turkey producers, including information on profits, prices, costs and production levels, and none of the information was publicly available. "  just-food has contacted the companies at the centre of the lawsuit for comment. House of Raeford Farms declined to comment. P.S: If you liked this article, you might enjoy the just-food newsletter. Receive our latest content delivered right to your inbox.

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House of Raeford Farms Patents

House of Raeford Farms has filed 1 patent.

The 3 most popular patent topics include:

  • Action anime and manga
  • Diketones
  • Glucocorticoids
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8/7/2019

Glucocorticoids, Tires, Pregnanes, Diketones, Action anime and manga

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8/7/2019

Grant Date

Title

Related Topics

Glucocorticoids, Tires, Pregnanes, Diketones, Action anime and manga

Status

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