Hormel, Tyson Accused of Inflating Pork Prices in Lawsuit

Hormel Foods Corp., Tyson Foods Inc. and other meat packers are accused in a class-action lawsuit of artificially jacking up the price of hot dogs, bacon and other pork products with the help of info-sharing service Agri Stats.

The meat packers allegedly conspired with the service to exchange “detailed, competitively sensitive, and closely guarded non-public information,” according to the complaint, filed by pork buyers Thursday in federal court in Minnesota.