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The US Department of Justice announced an indictment of Koch Foods and four former Pilgrim's Pride executives for conspiring to fix prices and rig bids in the broiler chicken industry. The charges are part of an ongoing federal investigation into the sector.
The case centers on sales of broiler chicken products to grocers and restaurants.
Antitrust action against major broiler producers has limited direct impact on feed demand, though it could add uncertainty to US chicken pricing and sales volumes.
justice.govJul 29, 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.
