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Pilgrim's Pride will pay $75 million to settle claims from direct purchasers over alleged chicken price-fixing, while Tyson's settlement amount was not disclosed. The settlements address litigation rather than production or supply conditions.
The settlement is a legal matter with little direct effect on chicken supply, demand or feed usage, so it has minimal price implications for feed markets.
reuters.comJonathan StempelJan 11, 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.
