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The US Department of Justice announced indictments in Denver federal court against four executives from Pilgrim's Pride and Claxton Poultry for allegedly conspiring to fix broiler chicken prices and rig bids. Tyson Foods and Sanderson Farms have also received grand jury subpoenas in the ongoing investigation.
The antitrust case is a legal and reputational issue for major broiler producers; it may add uncertainty to chicken pricing but does not directly change near-term supply or feed demand.
drovers.comGreg HendersonNov 13, 2020Not 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.
