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Cargill and Continental Grain agreed to buy chicken producer Sanderson Farms for $4.5 billion. The report notes that prices of chicken wings and breasts have risen as pandemic restrictions ease and restaurants reopen.
The acquisition is a corporate deal that consolidates poultry processing, with limited direct effect on feed ingredient prices.
Not 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.