# Pilgrim's Pride pleads guilty to chicken price-fixing charge, to pay $107.9 mln fine

> Pilgrim's Pride pleaded guilty in federal court in Denver to conspiring to fix chicken prices and was sentenced to pay a $107.9 million fine. The plea follows indictments of ten poultry industry executives last year. A plea agreement had been reached in October.

- Date: 2021-02-23 · published 2021-02-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/48798-pilgrim-s-pride-pleads-guilty-to-chicken-price-fixing-charge-to-pay-107-9-mln
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

The case concerns past price-fixing rather than a change in supply, so it has little direct effect on near-term chicken supply or feed demand. It may add legal and reputational pressure on large integrators, a minor factor for chicken prices.

## Read by commodity

- CHICKEN: neutral

## Sources

- reuters.com: https://www.reuters.com/business/pilgrims-pride-pleads-guilty-chicken-price-fixing-charge-pay-1079-mln-fine-2021-02-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.