Loading…
A US senator has called for a Justice Department inquiry into soaring poultry prices, citing a 26% rise in chicken breast prices over the past year. She urged antitrust scrutiny of large industry mergers, including Cargill and Continental Grain's pending purchase of Sanderson Farms.
The Justice Department is already investigating price-fixing among some chicken producers.
Political pressure and antitrust action could affect processor consolidation and pricing behavior, but it does not directly change near-term chicken supply or feed demand.
thepoultrysite.comMelanie EppNov 23, 2021Not 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.
