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Former Pilgrim's Pride executives face a felony trial over an alleged price-fixing scheme in chicken. Prosecutors say the executives kept prices paid to poultry farmers low while raising costs for grocery and restaurant buyers, with the scheme affecting Pilgrim's Pride sales by $361 million.
The case is a legal matter with limited direct effect on supply or feed demand; any outcome could affect chicken industry pricing practices over time but is unlikely to move feed commodity prices.
forbes.comChloe SorvinoFeb 22, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
