![milk price price fixing food before fuel](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1bmGDkHZoYo2tPg0k6kOe_m9erkwkufIkVwBdJLJpgg9C75Rj0O9iX01eBzqLPZ43H8mad08_DL6feQ9Zq6oWSg7Fi5E2YiTgdq8QuEwQQiCQCrGAbOhlfNDN6rijnEmXWPoWQ0p-RwI/s200/dairy+cow.jpg)
In this widely reported story, CNN and the Wall Street Journal report that a national dairy co-op, Dairy Farmers of America, faces investigation by federal commodity regulators for an alleged price-fixing scheme.
According to the WSJ, investigators are looking at whether the co-op suppressed prices paid to farmers while raising the price charged to retailers.
Federal investigators are also looking at a reported transfer of $1 million transfer to a former co-op director.
Milk, it makes bank accounts good!
Source: CNN
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