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Buyers including Bob Evans Farms, Fresh Market and Wawa filed lawsuits accusing top US chicken producers Tyson, Pilgrim's Pride and Sanderson Farms of curtailing supply to inflate prices from 2008 to 2017. The suits seek damages in federal court in Chicago.
The litigation targets the supply-restriction practices that drive chicken pricing, but it does not directly change current supply or demand.
bloomberg.comMichael HirtzerSep 4, 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.
