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The Biden administration is scrutinising Tyson, Pilgrim's Pride and other large poultry and meat companies over possible pandemic profiteering. It suggests this may explain part of the steep rise in beef, pork and poultry prices as consumers face food inflation.
Political pressure and possible enforcement could restrain meat and chicken pricing power, though the direct impact on feed demand is limited.
washingtonpost.comLaura ReileyOct 4, 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.
