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A federal judge in Illinois is weighing allegations that major chicken producers, including Tyson, Sanderson Farms and Perdue, colluded through the Agri Stats information-sharing platform to keep chicken prices high. More than 150 individual suits have been filed over broiler prices in the last five years.
Litigation over alleged collusion could bring legal costs or pricing changes for large integrators, but any price effect is uncertain until the court rules. For now the case mainly adds risk to the chicken pricing outlook.
news.bloomberglaw.comSiri BulusuSep 2, 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.
